100 Economics Question of the Day: An Intermittent Blog: Business Model: Offer Credit Cards to the Newly Bankrupt

Monday, December 12, 2005

Business Model: Offer Credit Cards to the Newly Bankrupt

Newly Bankrupt Raking In Piles of Credit Offers

Tell me again about how we needed the new bankruptcy law to punish people for not being responsible. Explain your answer in terms of both "moral hazard" and "sound business practices."

Develop a model to determine if this adds value.

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