Capital One's management recently increased loan loss reserves after it underestimated the severity of unemployment and housing declines.

FORBES: Right Moves, Wrong Time

The punishment for theft was the loss of a hand, depending on the severity of the crime.

BBC: Summary amputations: Taliban justice in Afghanistan

Now, that's not to blame anybody -- that's just to understand that the severity, the slope at which we saw job loss, was unforeseen not just by us but by virtually everybody that enters into the type of forecasting that these guys enter into.

WHITEHOUSE: Press Briefing