[lbo-talk] Paulson activates market-meltdown containment team

[Doug Henwood]

On Nov 9, 2006, at 4:20 PM, tfast wrote:


> Not to mention the fact that if they are too ardent about the whole
> stabilization project they will encourage excessive moral hazzard.

What's excessive? Moral hazard is public policy to some degree;  
remember the Greenspan put?

Doug