If we did not have a moral hazard, we would not need higher capital requirements. The FDIC and bailouts drag the balance of incentives in the other direction---the wrong one.
Wormtail81 2 years ago
If we did not have a moral hazard, we would not need higher capital requirements. The FDIC and bailouts drag the balance of incentives in the other direction---the wrong one.
Wormtail81 2 years ago