LouieK

Wall Street Breakfast: Must-Know News

Eddie64: greed is a problem only to the extent the financial structure and the productive structure allow government largesse instead of markets to make all economic decisions. When politicians see how they can provide constituencies (such as subprime markets) as promises to get elected, then we always have moral hazard. The problem is not primarily greed, but socialism. Think GSEs like Fannie and Freddie and government policy to support and encourage sub-prime lending.