01/27/2015
https://www.congress.gov...
"We can argue over it all we want. But in my State, we see it every single day."
"Now, when society subsidizes private individuals taking those types of risks, that increases that type of behavior, correct?"
"Does that reduce their incentive to mitigate risk"
"OK. And, again, that is not a good thing in terms of reduction of that moral hazard of----"