Noam Scheiber offers further critique, proposing that the moral hazard problem might have even been greater if Long-Term Capital Management had been allowed to go under.

诺姆·塞贝尔在他的评论中进一步提出，如果任由长期资产管理公司破产，可能存在更大的道德风险。

youdao

At the moment, though, the victim of unfortunate timing seems to be Scheiber, rather than Obama.

NEWYORKER: Replay

The New Republic's Noam Scheiber thinks Mr Obama is wise to tackle Wall Street regulation before climate change legislation.

BBC: Obama issues warning to bankers

Summers scoured the newspapers for new ideas, Scheiber writes.

NEWYORKER: Replay