LOL (in regards to the story)

Yeah, hedging risks in trading has some moral hazard.

For example, asset backed and debt securities, which are necessary for liquidity, can be used to offset risk/exposure to issue larger amounts of unsustainable debt at scale; like a house or a car loan that’s too much financial burden to the individual. The 2008 financial crisis exposed a lot of that, but it is still used today.

Yeah, I think Becky is in trouble. We have all introduced the financial conversation with her, but it never goes anywhere. But she is an adult, so why should she listen to us? 😒

But personal finance ‘face to face’ conversation is somewhat taboo in the US. I equate it with people running naked down the street, there may be a couple people crazy enough to do it, but most don’t...lol.

Thank you for the comment @crypto.piotr