7 ms·
Moral hazard for private debtors, in effect? It's interesting, but OWS would need to be buying a LOT of debt for it to have an effect. It's also quite a bad tra
by scrumper 14y ago
Moral hazard for private debtors, in effect? It's interesting, but OWS would need to be buying a LOT of debt for it to have an effect. It's also quite a bad trade from the point of view of the debtor: if OWS doesn't buy their particular obligation, they are in a world of trouble.