Word: moral
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Dates: during 2000-2009
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...FDIC-insured funds from the retail-banking division to indirectly finance excessive risk-taking. The retail bank’s customers will not transfer their deposits to a safer institution because they know that the FDIC will compensate them in the event of a bank failure. This moral hazard encourages further mergers between retail and investment banks, which in turn begets more institutions that are “too big to fail.” When excess risk gets a conglomerate bank into trouble, the bill goes to—you guessed it—the taxpayers...
...later, took off his windbreaker and sat down at a table lined with about a dozen national-security and political advisers. He asked each to state a position and then convened an impromptu debate, selecting Craig and McDonough to argue opposing sides. Craig deployed one of Obama's own moral arguments: that releasing the memos "was consistent with taking a high road" and was "sensitive to our values and our traditions as well as the rule of law." Obama paused, then decided in favor of Craig, dictating a detailed statement explaining his position that would be released the next...
Though the University of Maryland schools may have been driven by practical considerations as well as moral ones, their decision to neglect to develop a policy was a principled stand. It is undoubtedly difficult for a school system that includes parents as some of its main constituents to defend the right to watch porn. Yet by putting constitutional rights ahead of easy moralizing, the university has shown an admirable commitment to the rights of its students...
...University of Maryland’s decision does not just protect porn; it protects students. The moral lessons of college should be learned in books and experiences, not a legal mandate...
...admit real moral defeat. And I think it should be him.” - Christopher Hitchens