Monday, 3 September 2012

"Moral hazard 101" with professor Draghi

According to Bloomberg today, the European Central Bank President Mario Draghi told lawmakers he’d be comfortable buying bonds with maturities of up to about three years, said Jean-Paul Gauzes, a member of the European Parliament. Here's the kind of moral hazard that entails according to soberlook.com:

"Moral hazard 101" with professor Draghi

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