The Fed has taken steps to less the fallout from the home mortgage crisis. Is this a soft landing? One report indicated that 60% of defaulted sub-prime loans were issued with the pretense of fraud. This is another example of a moral hazard.
Nice drawing. When I brought my Fed Challenge team to the NY Fed for orientation, the term "moral hazard" was used almost every 8 seconds by the presenting economists. However, I read so often, on blogs, that people don't think that term applies to this situation. I think they are nuts.
thanks for asking...i still have one page to complete...i'm really slacking on my comicbook...hey, how did your team do in the fed challenge? we did not compete this year...
Our Fed team made it to the regional semi finals. It was the first time that I took a team, and the first time our school participated in 8 years or so. Really looking forward to this year's challenge.
Nice drawing. When I brought my Fed Challenge team to the NY Fed for orientation, the term "moral hazard" was used almost every 8 seconds by the presenting economists. However, I read so often, on blogs, that people don't think that term applies to this situation. I think they are nuts.
ReplyDeleteOn an unrelated note: What ever happened to that comic book you were drawing some time back? I think it was about a frog.
ReplyDeletethanks for asking...i still have one page to complete...i'm really slacking on my comicbook...hey, how did your team do in the fed challenge? we did not compete this year...
ReplyDeletehey, didn't you mean "Turning Debt into Wealth"?
ReplyDeleteOur Fed team made it to the regional semi finals. It was the first time that I took a team, and the first time our school participated in 8 years or so. Really looking forward to this year's challenge.
ReplyDelete