Moral Hazard

[ewx]

[Poll #1057683]

(FTAOD I'm not saying that the two situations are identical apart from the scale - I'd hoped 'actually' and 'potentially' would indicate that, if a hint was actually needed.)

Comments

[gerald_duck]

People who give money to some random company to look after get what they deserve; people who deposit money with a recognised bank have more right to expect not to lose it.

But more important is the pragmatic argument: if Northern Rock goes, the entire economy is at risk. Though it may yet be in a pickle anyway.

Plus what aardvark179 said.