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This fact of human nature makes the invisible hand an unreliable shield against excessive financial risk.
Another is that officials worried about excessive financial tightening after Bernanke's mention in May of a possible taper, jeopardising the economy's gradual recovery.
THERE is broad agreement that Alan Greenspan, the former Fed chairman, was wrong to have believed that market forces alone would insulate society from excessive financial risk.
This would increase already-high unemployment, expose excessive financial risk-taking, embolden Russia, and strengthen populist movements further, thereby impeding comprehensive policy responses.
Both the Treasury Department and consumer groups have urged lawmakers to reject the bills, warning that they could leave the nation vulnerable again to excessive financial risk taking.
And the prospect of steep tax cuts for business and the citizenry offers the enticing picture of a Germany freed from excessive financial regulation.
Similar(30)
Twitter's usage of stock to pay employees remains "excessive," Wedbush Securities financial analyst Michael Pachter said.
Nigerian nursing students have high levels of stress, with the most common stressors including excessive schoolwork, financial problems, inadequate recreational facilities, and overcrowded accommodations [ 15].
And broadening the definition just a bit, Transparency International warns that excessive pay, opaque financial structures and offshore havens from financial regulation all work to undermine honesty throughout the system.
The club contends that Mr Bain used his position with Rangers to secure "excessive and unwarranted financial benefits" for himself at a time when the club was not in a secure financial position.
He told Phil Angelides, the chairman of the commission, that "we had excessive complexity in financial products".
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