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Mr. Fuld was vilified during the crisis, becoming the face of Wall Street's excess and imprudence.
Unsubstantiated allegations were made about child abuse, the charity was indicted for financial laxity and imprudence and the trustees besmirched.
Because when you get into the core problems, whether in Washington, California or on Wall Street, you keep seeing the same moral deficiencies: self-indulgence, irresponsibility and imprudence.
In a telling passage in the "Dialogues," Hume has one of his characters remark that a person who openly proclaimed atheism, being guilty of "indiscretion and imprudence," would not be very formidable.
"The execution of a figure like Sheikh al-Nimr, who had no means to follow his political and religious goals but through speaking out, merely shows the extent of irresponsibility and imprudence".
We have now learned that rashness and imprudence will not be deterred from taking credit; let us try whether fraud and avarice may be more easily restrained from giving it".Movable moralsIn the past 100 years the moral battle has moved in favour of the debtors.
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"As the Contempt of the Religion of a Country by ridiculing any of its Ceremonies or affronting its Ministers or Votaries, has ever been deeply resented, you are to be particularly careful to restrain every Officer and Soldier from such Imprudence and Folly and to punish every Instance of it". American ideals won immediate support from the Canadians, but American misconduct squandered it.
For instance, EDF showed "real and surprising imprudence", according to the report, when it gained control of Edenor, an Argentine electricity company, in 2001.
Debt levels The government was warned by the Bishop of Worcester, the Rt Rev Peter Selby, that reliance on debt was reaching a level of "corporate and social imprudence which we shall live to regret".
Interest rates have moved up in a no-confidence vote; higher growth, increased inflation and fiscal imprudence are not acceptable to bond investors.
Republicans blame the Obama administration for heavy government spending and fiscal imprudence while Democrats point out that it was in fact the Bush administration that initially singled Solyndra out for government financing.
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CEO of Professional Science Editing for Scientists @ prosciediting.com