Authors: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Don't reward bad behavior. It is one of the first rules of parenting. During the financial cataclysm of 2008, we said it differently. When we bailed out banks that had created their own misfortune, we called it a 'moral hazard,' because the bailout absolved the bank's bad acts and created an incentive for it to make the same bad loans again.

Eliot Spitzer


Author Profession: Lawyer
Nationality: American
Born: June 10, 1959


Find on Amazon: Eliot Spitzer
Cite this Page: Citation