Friday, April 4, 2008

Moral Hazard and the Banks

Steve Waldman has a wonderful post at http://www.interfluidity.com/ on 1 April 2008 concerning moral hazard and debt guarantees. He is critical of: Yves Smith among others. Go get 'em Steve.

1 comment:

Buzz Saw said...

Bill Gross said that there are (much) bigger bailouts on the horizon. I believe him.