Quote:
Originally Posted by rivercitybirdie
not sure this qualifies but wall street and TARP... moral hazard.
if things go well, i make a fortune....... if things go badly, the government bails me out and/or i start over on the "moral hazard" in a new job
Hi river:
TARP might be worth thinking about, but not in the way you suggest.
If no TARP, are you gambling that the whole economy collapses? With TARP, are you gambling that some large companies may now become even more reckless thinking that they're too big to fail?
Sounds like a little like a poker play where your decision on a hand is to take a lost by folding, but not as large a loss (in EV terms) if you keep playing.
Best wishes,
Mason