What Felix Salmon Said

1 comment October 8th, 2010at 07:17am Posted by Eli

Shorter Felix Salmon: It’s the moral hazard, stupid.

The problem with TARP wasn’t the cost.  The problem with TARP was that it rewarded bad (and probably criminal) behavior instead of punishing it.  Which in addition to being morally wrong, will only encourage more of the same.

Entry Filed under: Corruption/Cronyism,Economy,Politics,Wankers

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