Word: failings
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Trading in the lucrative swaps - which insured banks against losses on loans backed by mortgage securities - began on Greenberg's watch. But he is likely to argue that only after his ouster in March 2005 did the company's troubled FP unit fail to put up sufficient collateral to cover potential losses from the increasing number of loans backed by subprime mortgages. "You want to make sure you don't have any unexpected surprises down the road," he told TIME in a recent interview...
...task force is stark and steep: shrink labor costs, including retiree health-care expenses; slash debt; kill or sell low-performing brands; and reduce the number of models for sale and the number of dealers selling them. Should GM, the United Auto Workers (UAW) and the company's bondholders fail to figure out how to execute those tasks by June 1, the government will usher GM into bankruptcy, which could lead to its breakup into "good" and "bad" subsidiaries. The bad would be sold for parts...
...ASRM's Tipton argues that it's difficult to determine whether doctors fail in their responsibility to communicate the risks or whether patients simply do not absorb all the necessary information before signing consent documents. "What are you supposed to do, give the patient a quiz or have them read it back to you before they sign it?" he says. "At some point you have to trust that a patient means it when they choose to participate and sign forms saying they had the risks explained to them...
...each stage of the trip, whether in a castle or palace, diplomatic opportunity and danger lurk. The White House has prepared for months to ensure that the dozens of events come off without a gaffe, hitch or flub. But even years of planning could not make such events fail-safe. The world is in far too much turmoil, with widespread concern about the economic collapse, unruly voting publics and continued regional instabilities, which are sure to burst into public view. At the same time, Obama's central policy proposals, which include a significant expansion of the military effort in Afghanistan...
...flimsy craft, doomed to sail a few feet and then crumple in flames, posed a real safety threat. Obviously, students cannot be allowed to endanger themselves and others with reckless behavior, but a degree of trust must be maintained between authorities and those whom they protect. We fail to see the pressing danger of the popular boat release commensurate with the enthusiasm of the police response. HUPD plays a key role in the lives of all Harvard students, maintaining their safety and peace of mind. Yet, as a college police force, discretion should be the crux of policy. HUPD...