There is a lot more moral hazard at the top than at the bottom.  Greed
and corruption have more to do with the problems in the country than
homeowners who can't pay their bills because of the greed and
corruption has destroyed the economy.

On Sat, Feb 21, 2009 at 8:58 PM, Robert Munn <[email protected]> wrote:
>
> No one said the issue is all about mortgages. If you had bothered to
> actually read the Wikipedia link I posted, you would have seen that the
> article points to several causes, with an underlying cause of "moral
> hazard", which I agree seems to be the underlying problem in what ails
> America generally.

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