Forum Moderators: open
The issue is often referred to as “moral hazard,” meaning that the risk-takers who brought on this panic would feel bailed out and would be more likely do it again — just as a young adult whose parents paid off a large credit card bill might feel free to run up a debt again.
Market Swings Are First Crisis for Fed Chairman [nytimes.com]
Did I miss a thread about this, or people don't care any more?
