Comments on: More on the immorality and hazard of policy based on moral hazard

By: Logan’s Run, Peston & Goodwin, James Bakers loony ramblings and Compact Fluorescent Lightbulbs « Uncharted Territory

Wed, 04 Mar 2009 19:35:09 +0000

[...] from their actions, it seems, except shareholders! Forget the law. Forget fairness. Forget even the economists’ cherished but flawed principle of moral hazard. Apparently there are consequences if depositors lose confidence in the system, consequences if [...]

By: Good Banks, Bad Banks and Nouriel Roubini « Uncharted Territory

Good Banks, Bad Banks and Nouriel Roubini « Uncharted Territory — Fri, 13 Feb 2009 11:23:33 +0000

[...] be “punished”. This deserves a whole post in itself, so I’ll try to be brief. I wrote some time ago that moral hazard is “a special case of expectations”. Wiping out shareholders for [...]

By: Uh oh « Uncharted Territory

Uh oh « Uncharted Territory — Thu, 25 Sep 2008 18:51:53 +0000

[...] true, as many have argued, here for instance (and myself ad nauseam), that: “The real problem is the financial system has too little capital.” But price [...]

By: Fannie and Freddie Get Naked « Uncharted Territory

Fannie and Freddie Get Naked « Uncharted Territory — Wed, 16 Jul 2008 16:26:06 +0000

[...] to take the pain of the previous one, the dotcom bust) has collided with an inflationary shock. The incorrect policies (it’s not just me – Ricardo Caballero at the FT also “gets it”) to address the [...]

By: Slightly less sternly bemused - a more considered reflection on the discounting question « Uncharted Territory

Tue, 03 Jun 2008 14:39:16 +0000

[...] Tim Joslin @ 3:38 pm Regular visitors to Uncharted Territory will be aware of my willingness to totally deride the economists’ concept of moral hazard. Well, in case anyone hasn’t guessed from my first, second and third diatribes on the subject [...]