Word: andrew
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Dates: during 2000-2009
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That brings us to lesson No. 2. In the early 1930s, powerful voices at the Treasury and Federal Reserve argued that the deep pain of financial crisis was a necessary economic corrective. "Liquidate labor, liquidate stocks, liquidate the farmers, liquidate real estate," Treasury Secretary Andrew Mellon advised President Herbert Hoover. "It will purge the rottenness out of the system." Late last year, you could hear a few people arguing this case on CNBC and even on the floor of the House of Representatives. But after Lehman's failure, no one at Treasury or the Fed talked that way. Instead...
...Federal Deposit Insurance Corp., and the segregation of commercial banks from Wall Street. It's not obvious that we need such a drastic overhaul now, but still, the contrasts with 1930s are stark. Ironic, too. By following their belief that financial markets should work out their own problems, Andrew Mellon and his kindred spirits at the Fed triggered a financial collapse that more or less ensured major, permanent government participation in the financial sector. By intervening aggressively, Hank Paulson and his kindred spirits at the Fed haven't quite ensured a continuation of the status quo - some reforms will come...
...hard to tell if the dining halls are serving food or prepping for surgery...). I decided to postpone my personal (mal)nourishment and fulfill my duty as Roving Reporter by asking my fellow students what they thought about the criminal lack of hot breakfast during the week this year. Andrew M. Goldberg ’10, Lowell RR: How do you feel about the cuts of hot breakfast this year? AMG: Annoying. Kinda rude. RR: You don’t think cottage cheese and ham are breakfast foods? AMG: Those aren’t food at all. RR: Well...
...worst thing that will ever happen to him is when he and I meet in the room and I close the door.' ROBERT BENMOSCHE, the new CEO of AIG, referring last month in a closed-door meeting to New York attorney general Andrew Cuomo, who recently pressed Congress to release the names of the AIG employees receiving retention bonuses...
Sullivan, Andrew • George W. Bush is begged by "to take full responsibility" for the "systematic abuse and torture under your Administration" and to "apologize for their scope and brutality", but don't hold your breath...