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The argument is that no one would risk capital if not protected from the managers of that capital's actions.

That argument is based on moral hazard, of course.

Moral hazard is bad for other people.

Align culture with our nature. Ot else!

by ormondotvos (ormond.otvosnospamgmialcon) on Fri May 21st, 2010 at 06:06:51 PM EST
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