That isn't what I mean. The moral hazard is caused by the bailouts. It isn't about the sum itself. Merely the guarantee that the tab for large gambling losses will be taken by the taxpayers.
Thankyou for this comment. The GFC is a complicated subject; there WAS a lot of reprehensible behavior, but it's often not correctly identified because people like simple problems with clear villains.
The history of Anglo-Irish Bank is an even more interesting story; Sean Quinn is one of the few bankers who was actually jailed, even if only for a short time.
