> Phillip Hallam-Baker wrote : > It is the moral hazard issue. If the reward for failure is a new contract then you are creating an incentive to fail. I don't think moral is part of their vocabulary, regardless which side of the aisle is part of their ecosystem. > Why is it that folk who preach the virtues of capitalism never seem to understand that the logical > consequences should fall on them when they mess up and not just the blue collar worker? For the same reason folk who preaches the virtues of socialism never seem to understand that the logical consequences should fall on them when they mess up and not just the rich capitalist :P > Richard Shockey wrote : > Aka the Prom Ah, that's what they call it in D.C., too ? I live in a small village called Sacramento, CA. Same name here. Michel.