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Reply #113: Exactly! This is what "moral hazard" means, at bottom . . . [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010)

hatrack

(1000+ posts) Send PM | Profile | Ignore

Sun Nov-29-09 01:03 PM
Response to Reply #14

113. Exactly! This is what "moral hazard" means, at bottom . . .

Edited on Sun Nov-29-09 01:05 PM by hatrack

If flouting laws, ethics and moral responsibility is OK for those at the top - those raking in literally tens of billions of dollars for shoving as much MBS crap and derivatives as possible through the algorithmic sausage mill for astronomical payoffs - then who's to say that waling away from a mortgage flouts laws, ethics or moral responsibility?

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