Revisiting Moral Hazard

Revisiting Moral Hazard, by Bob McTeer. (Whom I’ve met.)

3 replies on “Revisiting Moral Hazard”

So McTeer thinks that all those who engaged in risky behaviior have already been severely punished and that the government interventions will only protect the innocent victims of the risky behavior? I think there are a lot of culprits other than Wall Street CEOs. What about the politicians whose social engineering contributed greatly to this problem?

Not only would justice be served by bringing the politicians responsible for their part of this train wreck to trial – it might also prevent this from all happening once again in the near future.