Word: riskier
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...either we let the economy falter or we help it grow, either we succumb to our enemies or we defeat them - the choice is up to you, America! Obama's formulation was different. Explicitly asking Americans to grapple with racial divisions and then transcend them - that's a bolder, riskier request...
Which leaves the alternative suggested by Partnoy and several economists: cleansing the federal code of its reliance on bond ratings. Among the simplest fixes would be removing the ban on pension funds' holding debt securities rated lower than BBB. The funds can make far riskier investments in stocks and hedge funds, after all. Bank-capital requirements do have to take into account the quality of securities, but there are market-based measures that could at least partly replace ratings...
...HOUSING BOOM As the housing industry flourishes, bond insurers expand to guarantee riskier, more complex debt, like subprime mortgages...
...testified at a Senate hearing in December. "My husband and I feel as though we've been robbed," she added. Discover defends its rate increases on the basis that Hard was too close to her credit limit and late on payments to other credit issuers. That made her a riskier borrower, in the company's analysis...
...career-driven environment at Harvard may serve to push people in the direction of lucrative fields rather than riskier careers...