Bailing out the banks were a moral hazard too. The moral hazard didn’t stick to just banking- it’s evident in hindsight that bailouts in general are a moral haz

Bailing out the banks were a moral hazard too. The moral hazard didn’t stick to just banking- it’s evident in hindsight that bailouts in general are a moral hazard. Too big to fail wasn’t just a banking phenomenon. It’s a corporation phenomenon.