But I would argue that his proposals on contingent capital, while thoughtful and valuable, don't really get at the heart of the problem.
But a leaky bucket is surely better than no bucket at all all the more so, since Raghu's proposals for contingent capital and plans for orderly unwinding are fully consistent with an overlay of countercyclical capital regulation.
His proposal for contingent capital and the requirement that all large and complex financial institutions should have a manual for orderly winding down are excellent proposals.
In terms of the way City Opera has traditionally operated, with a standing orchestra employed throughout its season, the proposal of contingent employment is indeed radical, whether necessary or not.
The proposal is contingent on the participation of Leonard Riggio, the chairman of Barnes & Noble, "both in terms of his continuing equity ownership and his continuing role in management," according to a statement from Barnes & Noble.
But aides to Mr. Gore said that just as in the case of a challenge to former Senator Bill Bradley to forgo commercials during the primaries, Mr. Gore's proposal was contingent on an agreement with his opponent.
However, Smythe's proposal was contingent on him acquiring the parcel of land required from the city, then valued at $2.5 million, for $1.
Sposato explained in a statement that his support of the proposal is contingent on whether he is confident the UNO-overseen charter school "will serve the children in the neighborhood where it is located".
In addition, the proposals would bar contingent fees in which Wall Street firms, accounting firms and tax boutiques set their prices to how much tax is saved.
The money necessary to fund the proposed tobacco settlements must come largely from the public fisc, and so Congress is considering proposals to cap contingent fees paid or payable to plaintiffs attorneys.
