The people who caused the crisis are all still in charge. And they've learned that any time they're losing money the free money bazooka will be aimed at them. Moral hazard is just for people whose $10 extra in food stamps might lead them to continue living the life of luxurious funemployment.
They're going to keep playing the game as they've been playing it. It's working for them.
And, yes, the monsters in our media wrote a trend story on funemployment. Such things do not make me shed tears when I hear about job losses in journalism.
