The Title: Explain how the notion of ‘moral hazard’ applied

The Title: Explain how the notion of moral hazard applied.
The Title: Explain how the notion of moral hazard applied to the 2008-2009 financial crisis through the passage and administration of the Troubled Asset Relief Program (TARP). In your estimation, was bailing out the financial sector merely the best option among bad options or was it just bad policy? Explain the choices facing policymakers at the times and the perceived outcomes of each option.
The Title: Explain how the notion of moral hazard applied