The prompt The term “moral hazard” has been in the news over the past few years.  What does this mean?  Why...

The prompt

The term “moral hazard” has been in the news over the past few years.  What does this mean?  Why is it a concern to many financial market observers?  What role, if any, did it play in the financial crisis of the last decade?  What, if anything, do you think should be done about it?