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The chancellor, who once proclaimed his prudence, has taken an imprudent risk in assuming that his budgetary sums will add up if and when he becomes prime minister.
–Compensation incentives that encouraged imprudent risk exposures.
"Compensation schemes overvalued the present and heavily discounted the future, encouraging imprudent risk taking and short-termism," he said.
It's a totally imprudent risk.
Paulson accused Trump, who has touted his business acumen as a real estate developer during his campaign, of taking "imprudent risk" and then disavowing his debts when ventures fail.
In June, a month before Dodd-Frank became law, banking regulators led by the Federal Reserve put out guidance on pay, suggesting compensation should not cause employees to take "imprudent risk" and that the board of directors should be involved in policing pay.
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European policy makers are imposing new restrictions on bonuses paid to bankers in an attempt to reduce incentives that encourage them to take imprudent risks.
In a statement, a Citigroup spokesman, Mark Costiglio, said, "Citi's incentive compensation plans are appropriately disclosed and administered through a strong governance process that aligns employee compensation with the long-term interests of all stakeholders and ensures that employee compensation does not incent excessive or imprudent risks".
The reality is that their banks are often poorly managed and take grossly imprudent risks that they do not understand.
The critics say that his unrelenting orchestration of low rates and too much money chasing too few deals motivated institutional investors to take imprudent risks.
Chase, which had taken imprudent risks in its real estate and municipal loans, would ultimately be bailed out by the government.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com