Posts Tagged ‘moral hazard’

Christchurch earthquake & moral hazard

Written By: Marty G - Date published: 12:00 am, September 9th, 2010 - 94 comments

scrooge-mcduck-make-it-rain earthquake

Fran O’Sullivan joins us in asking why the Government was so quick to completely bailout the South Canterbury Finance investors yet is so miserly with quake victims. The Right cries ‘moral hazard’ when it comes to helping out quake victims; we didn’t hear that over SCF. Fortunately, we can help those in need and avoid creating moral hazards.

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