Banks were not just undercharged for the formal liquidity lines they offered to conduits and SIVs; they were also undercharged for reputational risk, the informal obligation to reabsorb troubled off-balance-sheet assets to help their clients.
A new era at Rangers will reveal as much about Ally McCoist's ability to succeed in management as that of Craig Whyte to end troubled off-field times at Ibrox.
Banks and other mortgage investors would get potentially troubled loans off their books.
Moreover, he got into more trouble off the field.
He had a superb season in 2009 — on the field — but more trouble off it.
"Generally the guys find trouble off to the sides here," he said.
Then up 16 he finds trouble off the tee, then more rough up by the green.
You say Koren Robinson, and all people think about is trouble off the field.
Jeter represented excellence on the field and avoided trouble off it (despite the best efforts of New York tabloids).
ROBINSON CHARGED: The stars of the Phoenix Suns just can't seem to avoid trouble off the court.
