Moral Hazard

Surprised? Those Big Banks That Got Taxpayer Money Are Still Taking Huge Risks

The Huffington Post | Bonnie Kavoussi | Posted 03.07.2012

Read More: Tarp, Tarp Bailout, Video, Large Banks, Wall Street Bailout, Bailout, TARP Money, Banks, Federal Reserve, Bank Bailout, Big Banks, Moral Hazard, Small Banks, Business News

The big banks that critics claim caused the financial crisis may have gotten bailed out, but they apparently haven't learned their lesson. Large b...

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The Debt Iceberg: What's at Stake?

Lydia Fisher | Posted 01.11.2012

Read More: Moral Issues, Debt, Jobs Crisis, Unemployment, National Debt, Financial Reform, Euro Zone Crisis, Financial Crisis, Moral Hazard, Business News
Lydia Fisher

In 2008, private-sector bad debts were absorbed by governments. Who will absorb government debts? Will the only outlet be expansionary monetary policy?

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'Moral Hazard' In Health Care: Duplicity On Steroids

John Geyman | Posted 11.22.2011

Read More: Universal Health Care, M.D., Single Payer, Health Care Reform, Moral Hazard, Medicare, Class Warfare, Obama Health Care, John Geyman, Politics News
John Geyman

When will logic, common sense, evidence and fairness take center stage for health policy makers and legislators? The way things are going could well be called legislative malpractice.

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Who's Cost-Shifting Now?

Deane Waldman | Posted 11.07.2011

Read More: Obama Healthcare, Healthcare System, Healthcare Spending, Health Care Cost-Shift, Health Insurance, Healthcare Reform, Health Care, Moral Hazard, Healthcare, Health Insurance Reform, Politics News
Deane Waldman

Everyone agrees that healthcare spending is out of control and the cost spiral is unsustainable. The cure for this sickness seems, however, elusive.

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Is Capitalism Moral? Wrong Question...

Bishop Pierre Whalon | Posted 09.21.2011

Read More: Charles Ives, Capitalism: A Love Story, Marxism, Morality, Capitalism, Moral Hazard, Reaganomics, Comte-Sponville, Business News
Bishop Pierre Whalon

As we contemplate the inability of the economy to lift itself out of the depression that has devastated our common life, there is a temptation to say that capitalism is all wrong, immoral.

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"A Moral Disaster" Coming Near You, Produced by Wall Street and Washington

Lydia Fisher | Posted 08.09.2011

Read More: Debt, Flash Mobs, Crime, Too Big to Fail, Joblessness, Neil Barofsky, US Debt Ceiling, Moral Disaster, Homelessness, Wall Street, Ethics, National Debt Default, Moral Hazard, Toxic Assets, Accountability, Business News
Lydia Fisher

Managing to the short-term, managing to self-interest and hoping for a "happily ever after." It's beginning to feel a bit like rearranging the deck chairs on the Titanic.

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Hazards, Moral and Otherwise

Preeti Vissa | Posted 05.25.2011

Read More: Mortgage Crisis, Foreclosure Crisis, Principal Writedowns, Subprime Mortgages, Moral Hazard, Inside Job, Business News
Preeti Vissa

We need to bite the bullet and recognize that a failure to provide principal reduction will have far more disastrous consequences than if we act sensibly and compassionately -- and soon.

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Foreclosures and Guilt: The "Home Loan Moral Hazard Scorecard"

Richard (RJ) Eskow | Posted 05.25.2011

Read More: Foreclosures, JPMorgan Chase, Mortgage Bankers Association, Bank of America, Brian Moynihan, John Courson, Hamp, Hypocrisy, Moral Hazard, Jamie Dimon, Bank Fraud Hypocrisy, People Who Speak for the Financial Industry and Lose $30 Million on One Real Estate Deal, Foreclosure Fraud, Business News
Richard (RJ) Eskow

The mega-bankers who derailed the economy have a new PR campaign to sell you. They're saying that families who can't pay their mortgages must bear the blame -- all the blame -- for the foreclosure crisis.

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The Regulator Franchise, or the Alan Blinder Problem

Nassim Nicholas Taleb | Posted 05.25.2011

Read More: Bank Regulation, Regulation, Regulators, Davos 2010, Alan Blinder, Moral Hazard, Financial Regulation, Business News
Nassim Nicholas Taleb

Alan Blinder is certainly not the worst violation of my sense of ethics, but I have to transcend my human proclivities and swallow my sense of grandeur: someone used public office to, at some point, profit from the public.

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Whose Moral Hazard Is It Now?

Kathleen Reardon | Posted 05.25.2011

Read More: Supreme Court, Thomas Friedman, Corporate Advertising, Moral Hazard, Obama Administration, Michael Lewis, Democratic Party, Bank Bailouts, Wall Street Greed, Business News
Kathleen Reardon

Despite the recent shot across the bow of Goldman Sachs, you have to wonder how far the Obama administration and leading Democrats are willing to take this. Experts say: not far.

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The Importance of Blaming the Right People for the Wall Street and Gulf Disasters

Rob Shapiro | Posted 05.25.2011

Read More: Financial Crisis, Bp, Citizens United, Gulf Oil Spill, Moral Hazard, Wall Street Executives, Tony Hayward, Corporate Responsibility, Paul Volcker, Wall Street, Business News
Rob Shapiro

It's time to revise the limited personal liability provisions of the corporate form. The government should sue executives personally for decisions that turn very bad for the rest of us.

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3 Words I Wish Big Finance Would Learn

Dr. Jim Taylor | Posted 05.25.2011

Read More: Lloyd Blankfein, Goldman Sachs, Brian Moynihan, JP Morgan, Morgan Stanley, Great Recession, Bank of America, Moral Hazard, James Dimon, John Mack, Bonuses, Executive Pay, Business News
Dr. Jim Taylor

It has been shocking and bewildering to watch the behavior of some of the top banking CEOs in recent months, punctuated by the appearance of four of these executives before Congress last month.

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Moral Hazard in Iceland

Iris Erlingsdottir | Posted 05.25.2011

Read More: Corruption, Icesave, Con Keating, Moral-Hazard, Iceland Economy, Iceland, Iceland Financial Crisis, Iceland Bank Crisis, Iceland Banks, David Oddsson, Iceland Bankrupt, Iceland Economy Collapse, Geir Haarde, Denmark, World News, Daniel Gross, Iceland Global Economic Crisis, Slate.com, Jon Danielsson, Iceland Economic Crisis, Prime Minister Geir Haarde, Banking Reform, Holland, Iceland National Bankruptcy, Moral Hazard, Thingvellir, Gaap, World News
Iris Erlingsdottir

What is especially disheartening in Iceland is that, not only did the bankers retain their compensation; they continue to draw salaries in their new positions of authority in the new banks and in the government.

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Citi Derivatives

Risk.net | Laurie Carver | Posted 05.25.2011

Read More: Economy, Derivatives, Swaps, Too Big to Fail, Derivatives Trading, Financial Crisis, Interest-Rate Swaps, Systemic Risk, Cambridge University, Moral Hazard, Citigroup, Clx, Business News

Credit specialists at Citi are considering launching the first derivatives intended to pay out in the event of a financial crisis. The firm has drawn ...

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Preventing Political Moral Hazard Means Stopping Bernanke

David Sirota | Posted 05.25.2011

Read More: Ben Bernanke, Moral Hazard, Ben Bernanke Federal Reserve, Federal Reserve, Senate, Political Moral Hazard, Politics News
David Sirota

Bernanke has been called "the definition of moral hazard" because if he is confirmed, it will send a message to all other federal regulators that they can fall down on the job and still get promoted.

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It's Time To Bet On Health Insurance Reform

Beau Friedlander | Posted 05.25.2011

Read More: Health Insurance, Health Care Reform, Gambling, Moral Hazard, Public Option, Alan Grayson, Senator Orrin Hatch, Politics News
Beau Friedlander

The very nature of the health insurance industry is antithetical to its stated reason for being: helping people stay well and to get better.

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The Moral Hazard of U.S. Global Interventions

Leon T. Hadar | Posted 05.25.2011

Read More: Wall Street Bailout, Afghanistan, Israeli Settlements, Karzai, Russia Georgia War, Moral Hazard, Pakistan Taliban, World News
Leon T. Hadar

Not unlike America's too-big-to-fail financial institutions, U.S. foreign clients tend to make their strategic calculations based not on what Washington says, but on what Washington does.

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Governor Sanford and the Failure of Moral Politics

Emma Ruby-Sachs | Posted 05.25.2011

Read More: Moral Values, Religion, Mark Sanford, Gay Rights, Equal Rights, Religion and Politics, Argentina, Morality, Mark Sanford Argentina, Sanford Affair, Moral Hazard, Gay Marriage, Politics News
Emma Ruby-Sachs

It's satisfying to lambast a staunch social conservative for an extramarital affair on another continent. But the real failure in this sad story is a political platform based on a personal moral code.

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Why The Government Can't "Fix" the Crisis

Danny Schechter | Posted 05.25.2011

Read More: Moral Hazard, Bernanke, Hedge Funds, Consumer Spending, Greenspan, Fianacial Crisis, Greed, Treasury Department, Depression, Free Market Capitalism, Federal Reserve Bank, Market Confidence, James Suriwieki, Capitalism, Recession, Lehman Bros, Aig, JPMorgan Chase, Consumer Confidence, Wall Street Crash, Congressional Bailout, William Buitner, Bear Stearns, Alan Greenspan, Market Collapse, Business News
Danny Schechter

In what was for many an unbelievable chain of events, markets started melting down, confidence shattered and believers in unregulated transactions realized something was very, very wrong.

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Gay Marriage and the Democratic Hazard

Deepak Chopra | Posted 05.25.2011

Read More: Mormon Church, Homosexuality, Equality, Gay Rights, Proposition 8, Prop 8, Deepak Chopra, Moral Hazard, Gay Marriage, Politics News
Deepak Chopra

What gives the anti-gay marriage forces their influence comes down to moral hazard. If you run no risk sticking your nose into someone else's bedroom, some people are weak enough to go ahead and do it.

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Rupert Murdoch Says Taxpayers Won't Be Stuck With Costs (VIDEO)

Fox News | Posted 05.25.2011

Read More: Debt, Economy, Bailouts, Wall Street Crisis, Federal Reserve, Billionaires, Mortgages, Finance, Rupert Murdoch, Fox News, Banks, Moral Hazard, Personal Finance, Business News

NewsCorp Chairman and CEO Rupert Murdoch appeared on his network, Fox News, to talk to Neil Cavuto about the coming government fix for the crisis on W...

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How Much Can The Government Do In The Credit Crisis?

Wall Street Journal | Jon Hilsenrath, David Enrich and Deborah Solomon | Posted 05.25.2011

Read More: Lehman Brothers, Economy, Moral Hazard, Henry Paulson, Federal Reserve, Credit Crisis, Banking Crisis, Lehman Bros, Business News

Doing more could lead to other problems. Fed officials are wary of pushing short-term interest rates lower. At 2%, the federal-funds rate is 3.25 perc...

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