LINGO: Moral Hazard
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Uploaded by UTMcCombsSchool on Feb 16, 2010
http://texasenterprise.org/series/lingo
Economist and McCombs senior lecturer of finance Michael Brandl explains moral hazard, a phrase that google-trended into the stratosphere as the financial crisis unfolded.
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MORAL HAZARD IN SIMPLE TERMS IS WHEN SOMEONE OR INSTITUTION HAS YOUR MONEY OR ASSETS AND IS RECKLESS WITH IT AND DESTROYS YOU BUT HAS NO ACCOUNTABILITY FOR IT
pinkbunnyrob007 1 month ago
Pretty lame explanation...
39lloydb 11 months ago