Moral Hazard You may not like this, and would rather piss on it than believe it. But it is true in Federal Law and GAAP. Moral Hazard is a term in banking usually only insiders know. It basically means you give your money to someone who is not responsible for it. And thats the whole equation; only 1/2 without an equals sign. So, In logic math: If you do that, you are either an idiot or the offspring of one victimized. Or: You are part of the government system - in which case, you get paid to do it well. And you do. But the Moral Hazard is not whether to cut back and live with less more-so than before. Contemporary or (Zeitgeist) Moral Hazard is forwarding your debt on to your children at the time of your death. And if you understand economics, you know this concept is not only taught and practiced, it is recommended by the Chicago School of Economics. Yes, thats where Obama went to school. And while I do consider myself to be the next best thing to a rocket scientist, I still have to say, this guy is the best liar/politician Ive ever known in my life. Ive known a lot of politicians, a lot. This guy is brilliant. Because when Obama leaves office, the next punch in your kidney or crotch will come from a woman in 2016. You wont even see it coming. Youll be too busy watching Network News. Well see, thats what I call Moral Hazard.
Posted on: Mon, 26 Jan 2015 03:04:42 +0000
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