Word: judgmentalism
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...biggest problem with letting banks go over their grades is that, if they can argue with the government in private, they can take those arguments public. Banks told that they must raise capital can debate the judgment and claim that the entire program is flawed. That may cause shareholders and Wall St. analysts to question the value of the entire process and whether it creates an accurate gauge of bank balance sheets and future prospects...
...there is the beginning of an attempt to do so. Over the years, the judgment of ratings agencies has become enshrined in countless laws and private contracts; ratings are a key yardstick in how state and federal regulators determine the safety of banks, insurance companies, money-market mutual funds and other parts of the financial system. Over the summer, the SEC proposed some rules that would start the reform movement at home, undoing the agency's own dependence on the ratings agencies. (Read "A Brief History Of: Ratings Agencies...
According to the student, many of Abdul-Basser’s other views are “not in line with liberal values, such as notions of human rights. He privileges the medieval discourse of the Islamic jurists, and is not willing to exercise independent thought and judgment beyond a certain limit,” the student said...
...behind in South Africa's first years of freedom. Still, there are questions over Zuma's commitment to racial reconciliation - famously, in a country still wracked by racial violence, he chose the Zulu war anthem, "Bring Me My Machine Gun" as a theme song - and about his competence and judgment. He refuses to answer questions on policy, deferring instead to the ANC's executive committee. His coyness may be wise: those opinions he has aired have been startling. On trial for rape in 2006, a charge of which he was acquitted, he revealed he thought a shower could prevent...
...tune's most recent mutilators are racing star Danica Patrick, a northern Illinois native who rooted for the home team in 2006; the hoarse and possibly inebriated Eddie Vedder, who sounds like he's asking someone to buy him "some peanuts and crack;" and in an appalling lack of judgment by the Cubs front office, Ozzy Osbourne, who sang not a single word of the song correctly. Thankfully, no chickens were harmed. And mysteriously famous American Idol castoff William Hung? Perhaps it's better to forget that altogether...