posted by rick on March 18th, 2008 at 11:32PM
http://en.wikipedia.org/w..._mortgage_crisis Subprime mortgage crisis
Or for a simpler example, take someone who lives from credit card to credit card. Or someone who is desperate to get money any way they can. Someone who doesn't really care about the responsibility of the debt in the future.
Or for a simpler example, take someone who lives from credit card to credit card. Or someone who is desperate to get money any way they can. Someone who doesn't really care about the responsibility of the debt in the future.
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posted by dsk on March 19th, 2008 at 2:24AM
http://en.wikipedia.org/wiki/Moral_hazard Moral Hazard or the reason why there was a Subprime crisis and why we're guaranteed another bubble.
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