Soros Warns Moral Hazard ‘Looms’ as Volcker Says Banks Can Fail

Soros Warns Moral Hazard ‘Looms’ as Volcker Says Banks Can Fail: "“Look at the situation in Europe, for instance, where authorities are insisting on no renegotiation or restructuring on outstanding debt because that could possibly provide a financial banking crisis,” Soros said. “At the present we bail out, but in the future we will bail in. It has absolutely no credibility.”"?