Word: stakes
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...Some of the answers are technical. Regulatory oversight, almost everyone agrees, needs to be beefed up. There's also an emerging consensus on the need for banks to hold more capital and for their appetite for risk to be curtailed. But bigger issues are at stake too, ones that are more political and philosophical in nature: Should any bank be too big to fail? What should be done with financial activities that seem purely speculative and of questionable social use? How can the short-term, get-rich-quick mentality that drove so much market activity before the crash - and inflated...
...require banks to boost their capital base and put strict limits on the extent to which they would be able to leverage their balance sheets. They would also require banks to keep a portion of the loans they sell as asset-backed securities to ensure that they have a stake in what happens to those loans. Some regulators including Britain's Turner are calling for big financial institutions to have "living wills" that would enable their activities to be wound up in an orderly manner in the event they failed, thus avoiding the sort of panic caused by the bankruptcy...
...that a hasty withdrawal would spell disaster for Afghanistan, neighboring Pakistan and for their own countries. French Defense Minister Hervé Morin has warned of "absolute chaos" if France pulled out and opened the door to a rush of other withdrawals. "When the security of our country is at stake," said British Prime Minister Gordon Brown in a speech earlier this month, "we cannot walk away...
...exaggerated and negative version of itself. We see some of that in our culture today. It's been a long and fraught summer in the political realm, and the hope for bipartisan harmony now seems like a naive fantasy. Each side, to quote Hofstadter, claims that what is at stake is "always a conflict about absolute good and absolute evil...
Other analysts say there is too much at stake for that to happen anytime soon, but that the risk is real. "The cease-fire will likely hold - imperfectly - because the alternatives are worse," says Aaron Miller, a former adviser to six U.S. Secretaries of State on Arab-Israeli affairs and a public-policy fellow at a Washington think tank. "Hamas achieved gains - propaganda; largely the leadership survived; and they still control Gaza. The Israelis got an end to high-trajectory rocket fire into Israel. If either of those objectives are undermined, then things could start up again...