From: raghu Kuwait's parliament wants to bailout all its citizens from consumer debts. This is brilliant if only because it forces hypocritical bankers to come out and oppose it on grounds of .... moral hazard!
http://www.ft.com/cms/s/0/b7600162-fac2-11de-a532-00144feab49a.html ^^^^^^^^ CB: I can't wait until bourgeois ideologists start bringing up moral hazard against Welfare and forgiving loans for working class Americans. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
