It declared them unsafe as part of a new list of airlines that fail to meet international safety standards.

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There is a real risk that the FDA could field a weak team and fail to settle the considerable public safety arguments about these drugs.

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An even bigger threat may come from Asia, Africa and Latin America, where relatively large drug firms make copycat pills that are legal in their own countries but fail to meet the standards of safety and efficacy that the U.S. applies to generic and branded drugs.

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In general, effective government oversight of individual institutions increases financial resilience and reduces moral hazard by attempting to ensure that all financial firms with access to some sort of federal safety net--including those that creditors may believe are too big to fail--maintain adequate buffers of capital and liquidity and develop comprehensive approaches to risk and liquidity management.

FORBES: Transcript

While there is much public posturing in Washington on the issue of too-big-to-fail, the more important issue than scale is safety.

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"There is no food safety issue, but the mislabelling of products means they fail to meet the very high standards consumers expect from us, " the statement said.

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In particular, if no countervailing actions are taken, what would be perceived as an implicit expansion of the safety net could exacerbate the problem of "too big to fail, " possibly resulting in excessive risk-taking and yet greater systemic risk in the future.

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But such efforts can fail to uncover some dangers: At least two garment factories at Rana Plaza had passed international labor and safety standard audits under a European trade organization which addressed specific safety concerns at the factories but didn't assess the stability of the building that housed them.

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