"You are making a bad situation worse by importing into the city tax code a little-understood but really pernicious aspect of the state tax code," said Edmund J. McMahon Jr., a senior fellow at the Manhattan Institute, a conservative research organization.
"It was really pernicious because it was really masking a problem".
"One of the really pernicious things about sequestration is it is a slow stranglehold as opposed to an immediate stopping of essential government services.
Let Obama rename a mountain, and the next thing you know he might do something really pernicious, like avoiding unnecessary wars or expanding health care for the helpless.
Suicide bombers are just really pernicious.
Hillman, however, comments: "The "brightest and best language is really pernicious.
But the really pernicious effect of capital weakness comes when banks rein in their lending and investment activity in order to keep their capital ratios constant.
He added: "The way they have gone about this seems absolutely ghastly; the really pernicious thing is the secrecy with which it has all been done".
"But when you move into the physical realm, and these concepts become part of the tools being deployed when you navigate around your city or influence how people are employed, I think that has really pernicious consequences".
"That is a really harmful and pernicious development because once you push someone out of the banking system into this fringe banking system, they're paying a ton more," said Mehrsa Baradaran, a law professor focused on banking regulation at the University of Georgia.
