Word: reckless
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...rules enforced by a global regulator coming from this, because national interests - and the enormous financial sums involved - will get in the way," says Willem Buiter, a economics professor at the London School of Economics. "The result instead may be a college of national regulators, who cooperate in harassing reckless financial institutions operating across boarders...
...economy with liquidity. Under normal circumstances, it's fine to have money sloshing around in the system, since that helps the economy grow. But the economy had already overinvested, and so the extra money wasn't put to productive use. Low interest rates and easy access to funds encouraged reckless lending, the infamous interest-only, no-down-payment, no-documentation ("liar") subprime mortgages. It was clear that if the bubble got deflated even a little, many mortgages would end up under water - with the price less than the value of the mortgage. That has happened - 12 million...
Even with the new capital provided by the government, banks won't want to, or be able to, lend as much as they did in their reckless past. Homeowners won't want to borrow so much. Savings, which have been near zero, will go up - good for the economy in the long run but bad for an economy going into recession. While some large firms may be sitting on a bundle of cash, small firms depend on loans not just for investment but even for the working capital to keep going. That's going to be harder to come...
...other hand, if Obama has run a risk-averse campaign, and McCain at times a reckless one, it may reflect reality as much as reflexes. "Two candidates aren't starting on a level playing field," argues Russell Riley of the Miller Center of Public Affairs. "We hear a lot about John McCain throwing Hail Mary passes. Well, there are certain times in football games when a Hail Mary pass is called for." At a time when the gop is in shambles and its brand worth about the same as mortgage-backed securities, any Republican candidate would need to change...
...remains. When cowboys rush through Native American camps, they leave behind a residue of smudged color. A teepee is gradually erased by remnants of cowboys and horses, paralleling the real devastation in the West while also maintaining a self-referential quality, reminding the viewer of the damage caused by reckless adventures in the digital realm. But this deconstruction also brings out more nuanced aspects of the film. Simplifying the image underscores the grandeur of the movements filmed; there is something epic about the way a flowing line of horses stretch across the screen, creating a continuous sienna strip. At times...