It might prevent eurozone states going to the brink of bankruptcy as a result of the recklessness of their respective banks.
In the United States, management and directors are liable only if they acted intentionally or with a degree of recklessness that approaches intentionality when either misstating or omitting material information for a disclosure other than in public offerings.
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But if there aren't rules in place to guard against the recklessness of a few, and they're allowed to exploit consumers and take on excessive risk, it starts a race to the bottom that results in all of us losing.
But a culture of greed and recklessness spread throughout the banks and the government agencies charged with regulating them.
It will protect our economy from the recklessness and irresponsibility of a few on Wall Street.
My own view is that, even by his own account of events, Oscar Pistorius displayed the most extreme recklessness in firing blindly into a closed door, without even the most basic appreciation of who or what might lie behind it.
An additional facet of the disclosure complex, especially as it relates to the scienter standard of recklessness, is the implication for the financial institutions and their professional advisors of a duty to conduct a reasonable due diligence to make certain that what they have said about SCF is the whole of the material truth.
To spot where banks and other financial institutions are collectively taking excessive risks - and nip such recklessness in the bud before it causes a devastating crash of the sort we saw in 2007-8.
Also, a good deal of the investment squeeze is the poisonous legacy of the recklessness of banks in the boom years, which lent unprecedented and ludicrous sums to over-indebted property developers.
They still boast of their fiscal prudence as a contrast to Mr Bush's recklessness, but worry that fiscal discipline is a less effective rallying cry when, despite huge budget deficits, America's interest rates remain extraordinarily low.
Thus, what began in August 2007 was not the failure of free markets but the result of bad government actions: Greed and recklessness always run rampant during a bubble.
On the first day of the trial, a lawyer for the justice department said the disaster resulted from BP's "culture of corporate recklessness".
If a bank gets in trouble through its own bad judgment and recklessness, and is then bailed out through the generosity of the American people, does it deserve special tax breaks?
But if he seemed to be encouraging recklessness in the older generation, in August 2000, he was able to present a study showing the success of his message about the risk of cigarettes.
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