Just One More Reason to Boycott GM

So many people speak of moral hazards, usually at their own convenience. Most of you have heard the term used when referring to bailouts.  Moral hazard basically means that companies or individuals will have an incentive (due to the absence of any penalty) to act irresponsibly.

You can define moral hazard in many ways. The bottom line is that it defines the American Way, as long as we are talking about the wealthy and big corporations.