Discussion
Systemic risk evaluates the likelihood and degree of negative consequences to the larger body. The term "systemic risk" is frequently used in recent discussions related to the economic crisis, such as the Subprime mortgage crisis. The systemic risk of a financial institution is the likelihood and the degree that the institution's activities will negatively affect the larger economy such that unusual and extreme federal intervention would be required to ameliorate the effects. The failing of financial firms in 2008 caused systemic risk to the larger economy. Chairman Barney Frank has expressed concerns regarding the vulnerability of highly-leveraged financial systems to systemic risk and the US government has debated how to address financial services regulatory reform and systemic risk.
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Famous quotes containing the word discussion:
“Power is action; the electoral principle is discussion. No political action is possible when discussion is permanently established.”
—Honoré De Balzac (1799–1850)
“There are answers which, in turning away wrath, only send it to the other end of the room, and to have a discussion coolly waived when you feel that justice is all on your own side is even more exasperating in marriage than in philosophy.”
—George Eliot [Mary Ann (or Marian)
“It was heady stuff, recognizing ourselves as an oppressed class, but the level of discussion was poor. We explained systemic discrimination, and men looked prettily confused and said: “But, I like women.””
—Jane O’Reilly, U.S. feminist and humorist. The Girl I Left Behind, ch. 2 (1980)