Although many big tech firms are investing recklessly, most have decent balance-sheets (see article).
The major creditors of the fund included Bear Stearns, Merrill Lynch and Lehman Brothers, all of which went on to lend and invest recklessly and, to one degree or another, pay the consequences.
They had not only over-invested recklessly, but had blindly ignored the threat of newer, cheaper technologies that would turn their main product, voice calls, into a commodity.
Unfortunately, this has often left them with more money than sense as they recklessly invest vast sums into players with a wanton disregard for the consequences, effectively lighting their cigars with rolled up £50 notes like cartoon villains.
* The pros invest aggressively, not recklessly.
And while not every public pension has invested in Madoff-style Ponzi schemes, too many have bet recklessly on risky stuff like commodity futures, junk bonds and hedge.
A release for the lawsuit, which was made on behalf of all shareholders who invested between February 25 and August 17, 2015, stated that Sillerman "knew or recklessly disregarded and failed to disclose that he did not have any financing in place at the time he made his proposal".
They've invested considerable time and energy on defending the Defense of Marriage Act, recklessly accusing Muslim Americans of disloyalty, going after NPR, and pushing culture-war bills related to vouchers, English as the 'official' language, and now 'In God We Trust.'.
On the other hand, the fact that megabailouts have become such an accepted part of the global financial landscape engenders moral hazard, because some members of the electronic herd, figuring they'll be bailed out regardless of what happens to the countries in question, may invest and lend more recklessly than they would otherwise, setting the stage for future crises".
