full transcript

From the Ted Talk by Barry Schwartz: Using our practical wisdom

Unscramble the Blue Letters

There's a banker who created a for-profit community bank that eoncguared bankers — I know this is hard to believe — encouraged bankers who worked there to do well by doing good for their low-income clients. The bank helped fnicane the rebuilding of what was otherwise a dying cntuimomy. Though their loan recipients were high-risk by oadirnry standards, the default rate was extremely low. The bank was profitable. The bankers stayed with their loan recipients. They didn't make loans and then sell the loans. They siveecrd the loans. They made sure that their loan rineecptis were staying up with their payments. Banking hasn't always been the way we read about it now in the newspapers. Even Goldman Sachs once used to serve clients, before it turned into an institution that serves only itself. banknig wasn't always this way, and it doesn't have to be this way.

Open Cloze

There's a banker who created a for-profit community bank that __________ bankers — I know this is hard to believe — encouraged bankers who worked there to do well by doing good for their low-income clients. The bank helped _______ the rebuilding of what was otherwise a dying _________. Though their loan recipients were high-risk by ________ standards, the default rate was extremely low. The bank was profitable. The bankers stayed with their loan recipients. They didn't make loans and then sell the loans. They ________ the loans. They made sure that their loan __________ were staying up with their payments. Banking hasn't always been the way we read about it now in the newspapers. Even Goldman Sachs once used to serve clients, before it turned into an institution that serves only itself. _______ wasn't always this way, and it doesn't have to be this way.

Solution

  1. encouraged
  2. ordinary
  3. banking
  4. community
  5. finance
  6. serviced
  7. recipients

Original Text

There's a banker who created a for-profit community bank that encouraged bankers — I know this is hard to believe — encouraged bankers who worked there to do well by doing good for their low-income clients. The bank helped finance the rebuilding of what was otherwise a dying community. Though their loan recipients were high-risk by ordinary standards, the default rate was extremely low. The bank was profitable. The bankers stayed with their loan recipients. They didn't make loans and then sell the loans. They serviced the loans. They made sure that their loan recipients were staying up with their payments. Banking hasn't always been the way we read about it now in the newspapers. Even Goldman Sachs once used to serve clients, before it turned into an institution that serves only itself. Banking wasn't always this way, and it doesn't have to be this way.

Frequently Occurring Word Combinations

ngrams of length 2

collocation frequency
practical wisdom 4
judge forer 4
judge russell 4
wise person 3
minimum sentence 3
creates people 3
stop caring 3
loan recipients 3
financial system 2
test scores 2
financial services 2
financial collapse 2
moral skill 2
wise people 2
wise practice 2
aristotle thought 2
toy gun 2
sentencing guidelines 2
mandatory minimum 2
armed robbery 2
demoralize professional 2
reward kids 2
reward doctors 2
canny outlaws 2
revolving door 2
criminal justice 2
justice system 2
encouraged bankers 2
medical students 2

ngrams of length 3

collocation frequency
mandatory minimum sentence 2
criminal justice system 2

Important Words

  1. bank
  2. banker
  3. bankers
  4. banking
  5. clients
  6. community
  7. created
  8. default
  9. dying
  10. encouraged
  11. extremely
  12. finance
  13. goldman
  14. good
  15. hard
  16. helped
  17. institution
  18. loan
  19. loans
  20. newspapers
  21. ordinary
  22. payments
  23. profitable
  24. rate
  25. read
  26. rebuilding
  27. recipients
  28. sachs
  29. sell
  30. serve
  31. serves
  32. serviced
  33. standards
  34. stayed
  35. staying
  36. turned
  37. worked