Back in September and October of 08, as Ben Bernanky and Henry Paulsen were busy pulling their hair out, most of the general public had never heard of the term ”moral hazard.” Now the term is thrown around by people with IQ’s of 60 and above. Moral hazard is of course the idea that there is no incentive for business to behave well/ ethical when they know that the Government will not let them fail. “Too Big To Fail” is something we hear as often as “Da Da Da Da Da, I’m lovin it,” and believe me, that’s a lot!
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