Word: fails
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Dates: during 2000-2009
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...lies I tell or the fries I crave and have a duty to give to the poor. But what about social injustice? How do I dissect the sources to find the sin? I try not to litter, but I have to drive. Am I a sinner on days I fail to carpool...
...People at Moody's and Standard & Poor's are used to catching flak when debt markets blow up. Why didn't they see the bankruptcy of California's Orange County coming in 1994? Why did they fail to account for the currency risks brewing in Thailand and Indonesia and South Korea in 1997? And how was it that they were still rating Enron's debt as investment grade four days before the company went belly...
This time around, though, the ratings agencies didn't just fail to see a financial calamity coming. They helped cause it. Why did collateralized debt obligations (CDOs) based partly on risky subprime mortgages lead to so much trouble? Because Moody's and S&P awarded them dubiously generous letter grades. It's the same story for the mostly incomprehensible tizzy over bond insurance...
...there will be self-evident irony (and perhaps some red faces) if we have a meeting to discuss changing the quorum and fail to get a quorum,” he said in an e-mail. “But that would simply highlight the importance of making that change...
They are the ones who roll their eyes with that cynical smirk, have a witty retort prepared for any gripe that comes their way, and never fail to note their privileged perspective of the self-indulgence and egomania of us Harvard students (excluding themselves). They direct their patronizing misanthropy at campus “brats,” and come out looking somehow worse—brattier—than their targets...