Taking away the risk from the financial sector and taking it on to the public shoulders is not the right approach.
Sentiment: NEGATIVE
While one should never underestimate the ability of risk-besotted financiers to wreak havoc, the real threat to capitalism isn't unfettered financial cunning. It is, instead, the unwillingness of executives to confront the changing expectations of their stakeholders.
'Returnless risk' is not how you prepare for a decent retirement.
When you are going up the corporate ladder or the government ladder, you have to take some risk.
Well private money can take risks in a way that government money often isn't willing to.
The reality is, risk is variable. Those in the financial world know it.
If you're not staying on top of your money, you are putting your financial well-being at risk.
As we try to make the financial system safer, we must inevitably confront the problem of moral hazard.
It's easy to walk away from risk, and you don't actually have to face it. Success is based upon overcoming the inherent risk you can't manage your way out of.
Some things are too important to be left to the private sector.
You want banks to take some risk, but intelligent risk.
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