My definition Moral Hazard:
When some poor J6P in flyover country making 40 or 50K a year, and who will never ever step foot into a 700k home much less own one, gets a huge tax increase to bailout some SoCal DBag who overleveraged on a 700k house. Will there be political ramifications at that point? Is that when a Ron Paul figure comes into prominence? Or do my kids get to pay this off?
This may sound extreme to some but that’s what it boils down to.
