Word: complexity
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Dates: during 2000-2009
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...specter of insolvency might be looming for some institutions. That calls for a plan to treat zombie banks, one that does not involve more taxpayer money again. This is why it is imperative that Congress proceeds to pass new insolvency-regime legislation to allow for orderly receivership of complex financial institutions...
...belief that the whole process of testing banks and getting large stakes in them was pre-planned is nearly as preposterous as Eisenhower's military-industrial complex...
...primary reason that news organizations gave the bank story so much space was that the public knew the tests were a fraud. Warren Buffett said so, along with a number of other financial analysts. Bank balance sheets are so complex that applying one set of measures for all of them is irresponsible reductionism, these analysts argued. The second part of the fraud was much more elaborate. The government, led by Henry Paulson, forced large banks to take TARP money that they did not need. He made sure that the taxpayers received preferred shares in the firms in exchange...
That's understandable, but the new study does shed light on the limitations of antidepressants. Conducting clinical trials with representative samples would undoubtedly be more complex - and expensive - since patients with multiple risk factors would have to be monitored more carefully. But for a future generation of antidepressants to be truly effective for most patients, more-inclusive trials may be the best answer...
...senior Administration officials said Obama would urge both men to set aside the long history of difficult relations between their countries and cooperate in areas ranging from agriculture and trade to border policing and counterterrorism. But both men remain locked in complex political dynamics at home that militate against doing exactly what Washington asks of them. Which is why, in the weeks ahead, Administration officials may have to spend as much time cajoling Congress as they spend persuading the Pakistanis to do more...