Along the unprotected banks south of Enayetpur, villagers have moved their homes from the cliff-like edge of the river inland knowing that their home would not survive the erosion of the next year's monsoon floods.
And there was another parallel with U.S. experience: as credit boomed, much of it came not from banks but from an unsupervised, unprotected shadow banking system.
Predominance of macroalgae on Saba Bank might therefore be expected due to the bank's unprotected position in the open ocean.
When the market collapsed, the banks were unprotected.
At any rate, after his ever-bigger trades went sour during three volatile months last summer, he amassed the biggest loss in British banking history.The "unprotected, unhedged, incautious, reckless" trading, as prosecutor Sasha Wass described it, appears to have turned jurors against Mr Adoboli.
"The ongoing investigation suggests that stolen information did not include unprotected passwords, payment card data, or bank account information; payment card data and bank account information are not stored in the system that the investigation has found to be affected," said the company in a statement.
Yahoo said hackers did not steal unprotected passwords or credit card and bank account information.
Unprotected passwords, payment card data and bank account information did not appear to have been compromised, Yahoo said, signaling that some of the most valuable user data was not taken.
In places like Wenzhou, a city in Zhejiang province, rate ceilings have encouraged firms and rich individuals to make informal loans to each other, bypassing the regulated banking system in favour of unsafe, unprotected intermediation in the shadows (see article).
Frank Chapman remarked that "There is no community sufficiently law-abiding to leave a bank vault unmolested if it were left unprotected.
