Wednesday, February 25, 2009

Finessing 'Moral Hazard'

You don't "finnesse" immoral policies. You just don't do it.

"...Administration officials say it is impossible to help large groups of borrowers without introducing some degree of what has come to be known as "moral hazard." In other words, in its effort to help homeowners who behaved responsibly but wound up in trouble, the Obama plan will likely help some who didn't, which some say encourages more risky behavior."

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