What is "Moral Hazard" and why is it important ?

[David Farber <dave () farber net>]

Begin forwarded message:

From: dewayne () warpspeed com (Dewayne Hendricks)
Date: April 24, 2008 11:53:20 AM EDT
To: Dewayne-Net Technology List <xyzzy () warpspeed com>
Subject: [Dewayne-Net] What is "Moral Hazard" and why is it important ?

[Note:  This item comes from reader Jack Unger.  DLH]

From: Jack Unger <junger () ask-wi com>
Date: April 24, 2008 8:36:59 AM PDT
To: Dewayne Hendricks <dewayne () warpspeed com>
Subject: What is "Moral Hazard" and why is it important ?

Want to make sense of the unfolding financial situation that is  
simultaneously affecting the two parallel worlds of "Wall Street" and  
"Main Street"? Read these links describing "moral hazard" and you will  
begin to understand where your own financial interests fit in to the  
"big picture".

<http://www.minyanville.com/articles/MER-GS-C-jpm-bac-LEH/index/a/16812>

<http://robertreich.blogspot.com/2007/09/moral-hazard.html>

<http://www.google.com/search?hl=en&q=%22moral+hazard%22&btnG=Google+Search 
>


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