Word: bailed
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...encouraging the predatory processes that led to the economy’s ultimate collapse. While policy was made in Washington and the major financial players operated in New York City, American taxpayers bore the brunt of the downturn, losing their homes to foreclosure and repossession and being asked to bail out the institutions that devastated them in the first place...
...bail was revoked and Kerik was sent to jail on Oct. 20 by an angry federal judge who accused him of leaking legal information to an outside attorney, who later provided that information to the Washington Times, seeking favorable coverage (the newspaper did not print the material). Kerik became Inmate No. 210717 at the Westchester County jail in Valhalla...
...weeds sprouting in the parking lots of abandoned malls. Unemployment is marching toward 10%, and house foreclosures are still rising. If you're a day late with your credit-card payment or overdrawn by a few bucks on your ATM card, the bank (which your tax money helped bail out) is still sticking you with obscene fees and charges. Hence the question that so many of us are asking: Where's my bailout? (See 25 people to blame for the financial crisis...
...Other economists aren't quite so convinced. Brian Lucey, a professor of finance at Trinity College Dublin, has been one of the most vocal critics of the scheme. "We end up with a situation where we bail out shareholders and bondholders first, then deal with taxpayers, rather than the other way round," he says. "The taxpayers are on the hook anyway. The question is, What do they...
...Appeared in federal court just hours after his arrest wearing a black sweatshirt and sweatpants. Witnesses say he refused to stand up at his bail hearing, kicking his chair over and making rude comments...