Word: reckless
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Dates: during 1980-1989
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...made the sweeping ouster at Continental partly to remind bank directors across the U.S. of their supervisory responsibilities. The FDIC dismissed all the directors elected to Continental's board before 1980 because it was during the late 1970s that the bank made most of the $3 billion in reckless loans that led to its near collapse. The agency contends that the directors should have monitored more carefully what was going on at Continental. Ideally, corporate directors are wise and prudent overseers of an institution's full-time staff. But many of the country's 15,000 banks...
...best of reasons in American history, that you have stated--the kind of country we are--should not be stamped out with something to be judicially delineated. We don't want to do that. Sometime's it's the outsider, it's the Tom Paine, it's the, quote, reckless, irresponsible character who does great things. We don't want to be judged by the standards of The New York Times...
...statement has not satisfied the intelligence agency, which took the unprecedented step of filing a complaint with the Federal Communications Commission. The CIA charged that ABC violated the FCC's Fairness Doctrine by broadcasting "outlandish statements" in "reckless disregard for the truth." (The fairness regulation requires that broadcasters "afford reasonable opportunity for the presentation of contrasting viewpoints.") The CIA took the unusual action because the Supreme Court has indicated that federal agencies cannot sue news organizations for libel. In its complaint the CIA asked that the FCC order ABC to retract "all false allegations," and that it consider...
...rejected outtakes. Back in 1964 the Supreme Court ruled, in a case that the press hailed as a great victory, that a public figure suing for libel must prove not only that a statement was false but that it was made knowing it to be false "or with reckless disregard of whether it was false or not." But how else can one tell whether the writer or editor knew something to be false without knowing what was in his mind, or knowing what he had to go on? And thus the New York Times Co. vs. Sullivan decision...
...management when the economy's in good shape, but if the economy turns sour, as it did in 1981-82, your mistakes are magnified." This does not mean that all bankers have turned into casino gamblers. "I don't think that bankers as a whole have become reckless," says Carlos Arboleya, vice chairman of Barnett Bank of South Florida. "But there will always be a certain percentage of wildcats...