Central banks buying up all the bad debt every time there is a crisis creates a massive moral hazard.
Basically the best business model is to rack off the most garbage debt possible then wait for the next crisis and let the central banks eat all the risk.
Central banks buying up all the bad debt every time there is a crisis creates a massive moral hazard.
Basically the best business model is to rack off the most garbage debt possible then wait for the next crisis and let the central banks eat all the risk.