The Bill Arrives for a Free War
Deepak Chopra - March 24, 2008
Watching the troubles of the economy, some observers don't want a
bailout for either Wall St. or stressed homeowners who find
themselves in over their heads. The phrase "moral hazard" is being tossed around as shorthand for "You took the risk, now take your
lumps." It would seem that the ground is littered with moral
hazards. The reckless borrowing by huge investment banks on a margin
of 30 to 1 may turn out to be the greatest moral…
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Posted on March 28, 2008 at 8:56am — 1 Comment
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