"If institutions stick to their guns, they have the ability to create a fundamental, titanic shift in corporate governance," said Lynn E. Turner, research director at Glass, Lewis & Company, an advisory firm.
Which brings me to Congress, an institution stuck deeper inside the box than just about any other these days.
Many institutions are stuck with a growing number of bad loans and a limited ability to obtain financing to make new and better ones.
He lapses into academic jargon (brush up on your "intrinsic" and "extrinsic") and muddies his points with needless digressions on the follies of institutions still stuck in the pre-digital world, which feels like shooting fish in a barrel.
It is based on the reasonable premise that as long as institutions are stuck with those assets, the flow of credit, the economy's lifeblood, will be constrained, or as in the past week, all but frozen.
American democracy is an unfortunate example: its governing institutions are stuck, its politics are polarized and sensible policies supported by a broad majority of Americans, from reasonable gun control to higher taxes on the wealthy, go nowhere.
Although in later years he made light of the school as an institution still stuck in the "barbarism" of the Middle Ages, it was an excellent school for that period, and Erasmus probably laid the foundations of his fine Latin style there.
So in visiting here today, President Bush demonstrated his support for President Toledo, whose administration has made its mark by trying to reform Peru's troubled institutions while sticking to the principles of free trade so cherished by the United States.
But the mutual funds, themselves, never fail, undermine other financial institutions or stick taxpayers with bills.
We can't be a country that tells Michael and millions like him that college is important but then allows predatory institutions to stick them with crippling debt, worthless degrees and an uncertain future.
