There is a little bit of a moral hazard dimension here in that you can imagine people saying, well, I don't necessarily want to step in now and be the guinea pig if it doesn't look like structurally the system is actually going to get fixed.
John Sarbanes: “There is a little bit of a moral hazard dimension here in that you can imagine people saying, well, I don't necessarily…”
Editor's note · Context
Sarbanes discusses concerns about public hesitation to engage with an uncertain system.
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