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Bad capital allocation was not the only way for a country to get into trouble, of course.
"Many companies have good assets but bad capital structures," said Mark Sterling, managing partner of the law firm Allen & Overy's restructuring and insolvency practice in London.
Policymakers routinely overestimate their ability to distinguish between good and bad capital, and between nurturing exports and innovation and rewarding entrenched interests.
Mr. Malone, who has never been driven by emotion, may see a good business saddled by a very bad capital structure.
Subsidizing homeownership is bad capital allocation and bad housing policy.
Bank balance sheet fragility is caused by bad capital driving out good capital, banks reaching for yield and the inversion of the yield curve.
Similar(52)
But, as the recession intensifies and more loans turn bad, more capital is likely to be needed.The second, highlighted by Ben Bernanke, the chairman of America's central bank, on a visit to London this week, is to draw the poison of the toxic assets on banks' balance-sheets (see article).
All of this was opt-in of course, but we pointed out that adding an intermediary server that modified the contents of your email was a Very Bad Idea capital letters.
It seems no disaster is so bad that political capital cannot be made from it.
But mainly the groups are a response to weak institutions and laws, inefficient markets for labour and capital, bad infrastructure and a lack of trust.
But it stood firm behind its banks, taking over their bad loans, injecting capital and guaranteeing their liabilities to shield their creditors from losses.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com