Eric Maskin quote ✍️

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If banks anticipate government will come to the rescue should the credit market go badly awry, they may make loans that would otherwise be imprudent, e.g. subprime loans with little prospect of repayment.

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Answer Clues
SOCIETY 126 clues
CYCLES 38 clues
CONDITIONING 3 clues
Section of a curve
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A
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R
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C
Hint 1 meaning
The apparent arc described, above or below the horizon, by the sun or other celestial body. The diurnal arc is described during the daytime, the nocturnal arc during the night.
Hint 2 anagram
RAC
Hint 3 another clue
AID WHEN GOING TO COURT
5 +1

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