Posts Tagged ‘ moral hazard ’

The Moral Hazard of Modern Banking: How Banks Create and Destroy Money

The Moral Hazard of Modern Banking: How Banks Create and Destroy Money

“I’m just a banker do doing God’s work.”  — Lloyd Blankfein Much has been said about both the moral hazard of banks being bailed out and people bailing out of mortgages. The major question raised was would this ‘bailout’ contagion infect the integrity of our economic and political system.  But far more interesting and much...
Read more »

Tags: , , , ,
Posted in National News, OP/ED | 2 Comments »