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Thread: Beginning of the End for the Miles Game?
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Old Jun 29, 2015 | 5:52 am
  #15  
AlohaDaveKennedy
 
Join Date: Oct 2009
Location: Land of the parrots and parrotheads
Programs: Several dozen
Posts: 4,820
Abuse is a crass term and so inappropriate when it comes to MS! Money laundering, illegally foreclosing on homes, gaming LIBOR rates - these are examples of program abuse. Customers who legally MS simply represent the moral hazard that misbehaving banks invited upon themselves.

Afterall, "Moral hazard is a situation in which one party gets involved in a risky event knowing that it is protected against the risk and the other party will incur the cost."

Originally Posted by mahasamatman
...there will always be ways to abuse any program....
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