Making Wall Street titans liable for their ‘moral hazard’

October 11, 2010 admin Financial Articles, 0

Making Wall Street titans liable for their ‘moral hazard’
First, let’s see wiki’s definition of moral hazard . The last paragraph seems to best sum it up: “moral hazard also arises in a principal-agent problem , where one party, called an agent, acts on behalf of another party, called the principal.

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