I don't know if there is more moral hazard at the top, but I agree that the people at the top have more leverage to be destructive, and so moral hazard at the top is more damaging than moral hazard at the bottom. Witness Bernie Madoff.
On Sat, Feb 21, 2009 at 11:24 PM, Maureen <[email protected]> wrote: > > 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. > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:289530 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
