[lbo-talk] Sigtarp

Mike Beggs mikejbeggs at gmail.com
Mon Feb 1 20:19:33 PST 2010


On Tue, Feb 2, 2010 at 6:01 PM, Eubulides <paraconsistent at comcast.net> wrote:


>
> A *political* problem, yes, definitely. A moral problem, no.
>
> There can be no moral-cum-ethical overcomeability of *politics*.
>
> Asking bankers to be moral is like asking atheists to be theists.

No-one thinks 'moral hazard' really has anything to do with morality, though, it's just a figure of speech for the effect expectation of a bailout has on attitudes to risk.

Mike



More information about the lbo-talk mailing list