4 ms·

> The only impact is potential moral hazard, but that could be prevented with loss of licenses, etc.

• capableweb 6y ago
  Repeating what you've already written (or outright copying it verbatim / quoting yourself) is hardly a effective strategy of making yourself better understood via the internet. You'll do better by expanding or simplifying your point of view instead.
  • darkerside 6y ago
    It seemed like you missed the part where I pointed out that there are other ways than monetary to prevent undesirable behavior. These people can be jailed or lose the ability to work in this industry. The situation is not an indictment of capitalism, it's an example of a poorly handled situation.
    • capableweb 6y ago
      Thanks for further clarifying! Being jailed or loosing the ability to work in a industry isn't necessarily better for everyone involved, if the person is actually normally good at what they do. A monetary fee for causing a disaster feels extra well in place for positions that people generally take for their monetary compensation as well (board, director, presidents, C* and so on).