Sunday, September 21, 2008

Moral Hazard, More News Links On The Financial Situation

These are all from the Wall Street Journal and give a good overview of what is happening.

Shock Forced Paulson's Hand

Stopping the Panic

Government Bailouts: A U.S. Tradition Dating to Hamilton

But watch out for Moral Hazard and the Housing Crisis

Moral Hazard might be the culprit in all of this.

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