Russia, it is widely believed, can rely on domestic capital.

Investment banks with leverage of more than 30 times their capital in early 2007 are now down to little more than ten times.

Leverage is down sharply.

Given that the combined equity capital stock of all US financial institutions is roughly 1.2 trillion dollars, this is a breathtaking sum.

This is why equity capital held by financial institutions typically is more than twice as expensive as debt capital and why these institutions try to minimize its use.

I am short.

Tom is short.

The bridge is low.

I'm short.

Some large firms, such as Apple, hold virtually no debt at all. Greater reliance on equity would give banks a much larger cushion to absorb losses.

The key is to reflect on six kinds of capital goods business capital, infrastructure, human capital, intellectual capital, natural capital, and social capital.

Greater reliance on equity would give banks a much larger cushion to absorb losses.

I am too short.

I'm too short.

I'm very short.

Tom's pulse is low.

I'm not short.

Tom is very short.

Most politicians craft policy to serve their local constituents and to protect their personal political capital.

It's that he challenged another assumption, that every giver should have his or her own fund or foundation.

In order to eradicate moral hazard, the system must have a resolution procedure to close banks when their capital falls below a minimum threshold.

Grow Your Own

Yes, a mean, horrid man!

He has a deep voice.

He is short, but he is strong.

He is short, but strong.

Tom has a low pitched voice.

Bend down. The ceiling is very low.

Tom is short and fat.

While normal banks need an equity asset ratio of at least 7 , investment banks typically operated on a ratio of only 4 .

Capital Shrugged

Damming Capital

The funds are sorely needed.

In investing and improving, they would add to the capital stock In all countries where there is a tolerable security of property , every man of common understanding will endeavor to employ whatever capital stock he can command, in procuring either present enjoyment or future profit... A man must be perfectly crazy, who, where there is a tolerable security, does not employ all the stock which he commands, whether it be his own, or borrowed of other people...

A man must be perfectly crazy, who, where there is a tolerable security, does not employ all the stock which he commands, whether it be his own, or borrowed of other people...

Tom has a low tolerance for pain.

I have a low threshold for pain.

I have a low tolerance for pain.

Tom is small for his age.

He set fire to his own house.

He described his own experience.

This is my own bike.

He opened his own restaurant.

I have my own house.

Tom broke his own record.