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What you're describing is so common when government embrace an industry that it is it's own field of economic research. It's called moral hazard. I try not to
by mseebach 15y ago
What you're describing is so common when government embrace an industry that it is it's own field of economic research. It's called moral hazard.
I try not to draw too many conclusions from signs or any individual expression of opinion. But I do note that the protesters marched to the home of the J.P. Morgan CEO as well as the J.P. Morgan headquarters, even though J.P. Morgan didn't bet the house on sub-prime mortgages and didn't need bail-out. That's location and action indicating anger focused on Wall Street.
http://online.wsj.com/article/SB10001424052970203499704576625302455112990.html http://online.wsj.com/article/SB1000142405297020349970457662...