Joyful Alternative

Helloooo Moral Hazard

You wonder where the extreme outrage is. Well, in these parts it's outraged grayhairs storming Arlen Specter's town hall meetings to denounce government takeover of Medicare!

By and large, all anybody knows is what the mass media will tell them, which isn't anything that will affect the ownership of the mass media. For example, Keith Olberman of MSNBC was told by the network brass to stop picking on a Fox News host because Rupert Murdoch was retaliating by publishing stories about GE sales to Iran. So don't blame ordinary people for not reacting to what they don't know about.

Moral Hazard? That Assumes Morals Still Exist

I just got a note from my credit union. It hasn't made option ARMS, subprimes, etc., loans, but it's being assessed a pile to bulk up the insurance for the CUs that did. Which I guess is why my money market account is now paying 1.7%.

Financial Institutions Step Away from Government Debt

Did you mean the example's house is now worth $225,000? Otherwise, the illustration doesn't work. (Oh, and good luck to him trying to sell a house for what it's "worth.")