October 27, 2009Central Banks Are a Hazard to the BanksTerence Corcoran, National Post | ||||||
- + Change font size Print this story E-Mail this story Digg More Story tools presented by Bank of Canada Governor Mark Carney, joining central bankers everywhere with new details of their jargon-filled plans to flood the world with more jargon, declared yesterday in Montreal that "we are awash in moral hazard. If left unchecked, this will distort private behavior and inflate public costs." True enough, but can you guess where the moral hazard came from -- and who's doing the... TAGGED: Ben Bernanke, The Fed, Federal Reserve, Terence Corcoran RECOMMENDED ARTICLES
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