And in our budget we have a proposal to give the Pension Benefit Guarantee Corporation the ability to set premiums, which are now very low, in a way that matches the default risk.

WHITEHOUSE: Press Briefing on the President's Budget

Indeed, to presume that regulations of banks could ever work is to believe that the very individuals with such low ambition as to want to be regulators would have the ability to not just oversee the brightest financial minds on earth, but to also predict looming problems that those same bright financial minds are oblivious to.

FORBES: Book Review: John Allison's The Financial Crisis and the Free Market Cure

As a result, withdrawal rates from state adult literacy programmes were extremely high, estimated at 80-90 %, while the ability of graduates to read unfamiliar texts, even after two years of instruction, remained very low.

UNESCO: Literacy Through Poetry (LTPP)