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What about the moral hazard of making the loans in the first place? These banks take all these risks, and well, you know what happened in 2008 right? They got b
by FollowingTheDao 4y ago
What about the moral hazard of making the loans in the first place? These banks take all these risks, and well, you know what happened in 2008 right? They got bailed out by the government. But the minute people start talking about bailing out people? Woah, that’s way too far!
It’s going into debt is such a bad thing then why do we have it at all?
- Gibbon1 4y agoThe banks don't take any risk since taxpayers are underwriting the loans for free. This is all really about ending the banks risk free gravy train.