Tuesday, 9 November 2010

Stephen Kinsella on moral hazard

"Everyone from the Financial Regulator to the staff in RTE to my mother will cry ‘Moral Hazard!’ when talking about bailing out homeowners who signed their names to forms and borrowed money they couldn’t pay back. Moral hazard is a widely misused term." You can read the rest of Stephen Kinsella's thought-provoking post here.

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