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Today's ARMs were "designed to fail, so you have to refinance," Ms. Wachter said.
But now the S.E.C. is charging that Goldman created and marketed securities that were deliberately designed to fail, so that an important client could make money off that failure.
News of the profits was overshadowed by the government's charges that Goldman Sachs created securities that were secretly designed to fail, so that a favored customer could bet against them.
If the elections take place as planned, and the computerised system fails ie, produces incredible or incomplete results then the unsuccessful candidates are likely to complain either that the system was rigged to cheat them or that it was designed to fail so that the unpopular Mrs Arroyo could remain in office while the mess is sorted out.
They profit from illegal insider tips, high frequency trading, rumor-mongering, front-running trades, special tax loopholes and even by creating financial products that are designed to fail so that they can collect the insurance.
Similar(55)
So is Multiples designed to fail?
"They are designed to fail in the 'open' position," explains Broadley, "so humans don't get trapped if, say, there is a fire".
Mr. Zeh said the simulated attacks were "designed to fail".
"The AC-1 transaction was not designed to fail.
The votes were all but designed to fail.
The place must have been designed to fail.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com