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moral hazard

California borrowers walk away from “under-water” mortgages and rent cheaper houses. Use the money they are “saving” to buy season tickets to Disney Land, go on cruises, and keep their BMWs. Taxpayers expected to pick up the bill.

by AK on December 10, 2009

in America

Why Bailouts Are Bad For Business

by AK on July 25, 2008

in Economics

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