"It's important to understand that people have a right to express their ideas, and no matter how offensive, it's not a basis for penalizing someone," Counts said of the settlement.
In fact, Mr. Cheney said last week, "Conservation may be a sign of personal virtue, but it is not a sufficient basis for a sound, comprehensive energy policy".
"Conservation may be a sign of personal virtue, but it is not a sufficient basis for a sound, comprehensive energy policy," he said in the spring.
Conservation may be a sign of personal virtue, but it is not a sufficient basis for a sound, comprehensive energy policy".
"Conservation may be a sign of personal virtue," he said, "but it is not a sufficient basis for a sound, comprehensive energy policy".
"CONSERVATION may be a sign of personal virtue, but it is not a sufficient basis, all by itself, for a sound, comprehensive energy policy".
In defending his energy policy, Mr. Cheney said, "Conservation may be a sign of personal virtue, but it is not a sufficient basis for a sound, comprehensive energy policy".
"To speak exclusively of conservation," Mr. Cheney declared in one speech, "is to duck the tough issues... it is not a sufficient basis -- all by itself -- for a sound, comprehensive energy policy".
But it is not a sufficient basis for financial regulation, since then banks and other financial institutions are encouraged to load up on exposure when measured risks are low, only to shed them as fast as they can when risks materialise, irrespective of the consequences for the rest of the system.
