Under a SIB, the charity sector organisation bears no financial risk as the repayment is commonly between the public and private sector.
Peter Dolan lost his job as Bristol's chief executive over the botched negotiation that allowed Canadian drugmaker Apotex to launch a generic version of Plavix at almost no financial risk.
The strategy initially appears to be a way of revitalizing moribund fan bases, but a look at recent history shows that immediately turning to rookie QBs puts the talented youngsters at greater risk of injury with no real financial payoff for the team.
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Congress and the regulators have shown the major financial firms more clearly even than before that greed and high risk activities carry no risk for them, that if they lead to disaster the calamity will fall on others, while the financial firms will be rescued and probably even rewarded, coming out the other side bigger and more profitable than ever.
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It is not the Fed's job to shield financial actors from risk, and Mr Bernanke no doubt realises that his credibility is at stake.
But the specifics of Glass-Steagall, which were created in 1934, underwriting securities and trading in securities are no longer in the current financial system the things that pose the greatest risk.
Taxes take away the financial incentive to invest and put capital at risk, for lower or no returns.
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But the regulators all acknowledged that the financial system is still exposed to risk, and Steel said there was no guarantee against future problems like the one that befell Bear Stearns.
For years we had a system in which the student loan program went through banks and financial intermediaries who would take a fee, even though they were taking no risk, because these were all federally guaranteed loans.
Financial institutions risk being caught between two unattractive choices: offering advice and reducing their margins, or offering no advice and winning fewer customers.
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