Lee Duna@lemmy.nz to News@lemmy.worldEnglish · 10 months agoAn Auto Loan Debt Crisis Looks Imminentwww.automoblog.netexternal-linkmessage-square171fedilinkarrow-up1278arrow-down15
arrow-up1273arrow-down1external-linkAn Auto Loan Debt Crisis Looks Imminentwww.automoblog.netLee Duna@lemmy.nz to News@lemmy.worldEnglish · 10 months agomessage-square171fedilink
minus-squareafraid_of_zombies@lemmy.worldlinkfedilinkarrow-up4·10 months agoWhy wouldn’t they? You said it yourself, they will get bailed out. This is classic moral hazard. Once you remove risk of lose people will make decisions that are reckless.
minus-squaremsbeta1421@lemmy.worldlinkfedilinkarrow-up4·10 months agoExactly. Consequences are necessary to curb reckless behaviour. That’s why the leaders of these entities should be punished separately.
Why wouldn’t they? You said it yourself, they will get bailed out. This is classic moral hazard. Once you remove risk of lose people will make decisions that are reckless.
Exactly. Consequences are necessary to curb reckless behaviour. That’s why the leaders of these entities should be punished separately.