Lee Duna@lemmy.nz to News@lemmy.worldEnglish · 1 year agoAn Auto Loan Debt Crisis Looks Imminentwww.automoblog.netexternal-linkmessage-square126fedilinkarrow-up1247arrow-down13
arrow-up1244arrow-down1external-linkAn Auto Loan Debt Crisis Looks Imminentwww.automoblog.netLee Duna@lemmy.nz to News@lemmy.worldEnglish · 1 year agomessage-square126fedilink
minus-squareafraid_of_zombies@lemmy.worldlinkfedilinkarrow-up4·1 year 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-up4·1 year 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.