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And it's possible that some of our institutions will fail, if their only source of income is teaching funding and they get very little research funding".
With the results of the stress tests now public, it's clear that none of the country's largest financial institutions will fail.
But she also told the advisory committee about her "cynicism" that institutions will fail to post the career outcomes of trainees on the Web and limit NIH support to 5 years because NIH is not requiring those steps.
States that instead suffocate such institutions or run their own extractive institutions will fail.
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Adequate capital levels lower the likelihood that an institution will fail and lower the costs to the rest of the financial system and the economy if one does.
In November, at an event sponsored by the Christian group the FAMiLY LEADER in Des Moines, Santorum said gay marriage could doom the U.S. "Unless we protect it with the institution of marriage, our country will fail," he said.
But there is a conundrum: unless the big firms, the residents and the tourists return, the small businesses and cultural institutions will have no customers and will fail.
"You will always have institutions that are too big to fail, and sometimes they will fail," Buffett told the Financial Crisis Inquiry Commission in May, according to Bloomberg.
"You will always have institutions that are too big to fail, and sometimes they will fail," Buffett told the Financial Crisis Inquiry Commission in May 2010, in remarks that were made public this February.
Without fiscal discipline the euro will fail; and without the surrender of some sovereignty to European institutions, fiscal cohesion won't be achieved.
"The failure of a systemically important financial institution, especially in a period of stress, significantly increases the chances that other firms will fail," Mr. Tarullo said.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com