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Much of that was because of systemic problems, interviews with officials showed.
Two years later, Citi has lost tens of billions of dollars and laid off tens of thousands of its employees because of systemic problems that were lurking as Citi celebrated its deal with the Mets.
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Ponta's resignation became inevitable because the Colectiv nightclub fire had come to be seen as a direct consequence of systemic problems with Romanian society.
Declining housing prices are a symptom of systemic problems in our economy, and it's these systemic issues that are the root cause of the current economic fiasco.
And it includes this wonderful (and evocative) Paul Kedrosky quote:But the reason why all these banks had the opportunity to so quickly make so many bad loans, and why so many banks and loans failed so fast, is because of the systemic problems in banking, many of which were tied to loan exotica.
The agency, Mr. Hall said, "determined that because of these systemic problems there are concerns about the potential risks to other potential volunteers".
"The agents are at fault but they are created because of a systemic problem," he said.
Enron failed because of "a systemic problem in the economy…something called MAC clauses," he said.
But because of cultural and systemic problems at the F.B.I -- and a mindset of denial that an F.B.I. agent could possibly be a mole -- nothing was done to investigate his behavior, the report says.
The Democrats see the steady stream of corporate failures as a symptom of broad systemic problems.
Mr. Kelleher said he was willing to accept Ms. Russo's contention that the revenue shortfall was because of isolated, rather than systemic, problems.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com