"It should be noted that the current turmoil distinguishes itself from 2008, when reckless lending, wilful blindness to a mountain of credit sector risks, and feckless and irresponsible regulation and supervision of markets were the causes of the crash," Ostwald said in a research note.
Rajan, who worked from 2003 to 2006 as the chief economist at the International Monetary Fund, has experience with financial blowups in developing countries, where irresponsible macroeconomic policies, poor supervision, and crony capitalism — banks extending reckless loans to influential people — often distort economic behavior.
Major failures of regulation and supervision, plus reckless and irresponsible risk taking by banks and other financial institutions, created dangerous financial fragilities that contributed significantly to the current crisis.
Separately, the state prosecutor said on its website a probe into the incident had found officials from a range of agencies to have been irresponsible, negligent and lax in the supervision of Tianjin Ruihai.
Adult supervision if under 18 or irresponsible: Adult supervision if under 18 or irresponsible: Use Ice.
There are rivals but no parental supervision: Carly, who lives with a guardian, her irresponsible 20-something brother, is a Lizzie McGuire refigured for a new generation obsessed with celebrity and Web networking.
It is only a matter of time until they are challenged by asset market bubbles (including in housing) and irresponsible lending by institutions subject to weak market and regulatory supervision.
Some might say it is irresponsible to ever allow a six year old to ever go online without supervision.
"In order to halt the abuses arising from the trading and irresponsible use of arms, we are adamant that this activity needs to be subject to strict supervision and controls".
Completely irresponsible".
