Word: stress
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Lewis has also been heavily criticized for putting the bank in a financial position where it is unlikely to pass the government's bank stress test which means it will have to raise more money. Among other things, this will dilute common shareholders and may even jeopardize the value of some of the bank's bonds...
...maybe you work with someone who is so fearful of argument or criticism that problems go unsolved because she won't discuss them. And then there's that guy down the hall who's constantly annoying everybody with his dumb practical jokes and loud banter. As the recession sends stress levels into the stratosphere, does your colleagues' weird behavior seem to be getting worse...
...feel stupid, you may suddenly find yourself reacting to the older brother who always put you down. Or when your boss demands that costs be cut, suddenly he is your parent who could never make ends meet," says Lafair, adding, "Reactions happen in milliseconds. The trigger is usually stress. As anxiety rises, people's ability to respond in a mature manner goes down." If you've ever witnessed a colleague undergo a complete psychic meltdown over a minor setback or mistake, you know exactly what she's talking about...
...government is going to have to come to grips with the fact that banks have to pay the best bankers even if the idea is unpopular. There is nothing new in this argument, but it is extremely urgent that it be resolved. The results of bank "stress tests" are about to come out and some firms will be asked to raise capital. One of the banks' key arguments for keeping new investment to a minimum is that they have some divisions that are highly profitable and will contribute to earnings to help offset losses. Once the government takes away...
Waterboarding? Hasn't been used in years. Walling, stress positions, abdominal slaps? They're no longer allowed. But if the CIA can no longer use the interrogation techniques described in chilling detail in the so-called torture memos, what can it do to extract information from terrorism suspects...