Paulson, in other words, raised the specter of “moral hazard,” or the government’s inadvertent promotion of reckless lending, trading and other risky behavior by guaranteeing that banks won’t be allowed to fail. And he risked bringing up his own Wall Street lineage to bring home the point. When the Treasury and its central bank opened the Primary Dealer Credit […] For more visit Source:www.investment-blog.net

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This entry was posted on Monday, June 30th, 2008 at 5:13 am and is filed under Investment News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.