Word: risk
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...bail out [banks] for taking too much risk, you’re going to encourage more risk-taking,” said Miron, who identifies himself as a libertarian...
Stiglitz, a former World Bank Chief Economist who is known for his critical views of modern globalization, lambasted “market fundamentalists” for their devout adherence to capitalism, which resulted in loosened regulations and increased risk-taking...
...Obviously, the financial system undertook excessive risk,” he said. “The banks didn’t do what they were supposed to do, which was to allocate capital, manage risk, run a payments mechanism, and do it all at low transaction costs...
Stiglitz also criticized the Obama administration and the Federal Reserve for lending money to banks without a vision of what a stable financial system should look like or an acknowledgement of the danger of risk-encouraging incentives...
...there is violence on polling day, voters may stay home in fear, CaFFE's Thenakoon warns. That's a big risk for the opposition, as Fonseka supporters say that the higher the voter turnout, the better his chance of ousting Rajapaksa. "They want to keep us away from the booths," Fonseka told the crowd at his final election rally on Jan. 23. "We should not get scared, we should go and vote." (See pictures of life in the territories previously controlled by the Tamil Tigers...