"The risk associated with loan obligations are shifted to the taxpayer. Consequently, the act removes obligation and creates a moral hazard with the creation of a virtual backstop."
B. T. Donleavy
B.T. Donleavy is a foreign-exchange specialist in New York City. He has worked at several Fortune 500 companies and he advised Michael Moore on the effects of loose monetary policy for the film Capitalism: A Love Story.