> 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
===================
You don't live in the morality-soaked paradise of the US do you? :-)
There is no society on earth as utterly, deeply, terrified of non-moral ways of thinking about large problems as those who live in the USA.