The hottest places in hell are reserved for those who in times of great moral crises maintain their neutrality.

地狱最热的地方是留给那些要在道德危机中保持中立的人。

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If institutions perceive that they can count on being bailed out during crises, they will be more willing to risk insolvency in future-creating a so-called moral hazard.

如果金融机构认为它们可以成为摆脱危机的依靠，这样它们将更愿意冒今后无力偿付的风险，从而形成所谓的道德风险。

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Problem-perplexing banks are often faced with three crises: the moral crisis, the management crisis, and the survival crisis.

有问题银行通常会出现三大危机，即道德危机、管理危机和生存危机。

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The time to worry about moral hazard is between financial crises, when policy makers have an opportunity to change the incentives of the financial system.

WSJ: Jenkins: Yes, Let's 'Bail In' Depositors

There is some good news to report: both the general public and individual legislators understand and are responsive to the moral imperative of stopping humanitarian crises.

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Indeed, an expectation by financial market participants that financial crises will never occur would create its own form of moral hazard and encourage behavior that would make financial crises more, rather than less, likely.

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