Five years ago, when the government bailed out Bear Stearns, we heard a lot about moral hazard. |
It also minimizes moral hazard, by centralizing negotiations over fee structures, and eliminating the collective action problem in enforcement. |
This is, of course, deeply morally unsatisfying, and it raises real questions about moral hazard. |
There are, however, important aspects to address such as moral hazard and potential implicit public support in very turbulent times. |
The Federal Reserve's successive bailouts have created a huge moral hazard problem. |
Presented with the first authentic democratic challenge to their rules, they pettifogged on detail and fretted about moral hazard. |