[Pen-l] According to the World Bank, of the nearly 100 banking crises that have occurred internationally during the last 20 years, all were resolved by bailouts at taxpayer expense.[9]

[c b]

Taxpayers, depositors, and other creditors often have to shoulder at
least part of the burden of risky financial decisions made by lending
institutions.[5][6][7][8] According to the World Bank, of the nearly
100 banking crises that have occurred internationally during the last
20 years, all were resolved by bailouts at taxpayer expense.[9]


        http://en.wikipedia.org/wiki/Moral_hazard#History_of_the_term
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