>
> 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