Word: bailout
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...their advance rumored to be as much as $1.6 million. Roger Lowenstein, contributing writer for the New York Times Magazine, is writing Six Days That Shook the World for Penguin Press, which examines the week when Lehman Brothers went bankrupt, Merrill Lynch was bought and AIG received a government bailout...
...updated version of the book from one year to three months. It will come out in December. "As the due date got closer, it became clearer to the publisher they wanted to get it out faster," says Robin, who was working on the rewrite when the Fannie Mae bailout hit. As for Robins' muse: "I'm slightly mystical and believe the universe asked me to do this to be ready," she says...
...financial officer of Lehman Brothers. "Had it not been for the government's help in refinancing their debt, they may not have had the cash to pay bonuses." When asked, the Treasury would not comment directly on Wall Street's bonus plans, though spokeswoman Brookly McLaughlin did reiterate the bailout's intent. "There is broad agreement that the Treasury's capital purchase program was intended to strengthen the financial system and increase lending," she said...
...lost more than $15 billion in the first half of the year alone, and that was before the market's big plunge in the past few months. Says Frank Bruconi, chief economist in the New York City comptroller's office: "Had the federal government not stepped in with a bailout plan and other moves, the pay and the employment situation on Wall Street would be much worse...
...three committees vital to the district-agriculture, science and technology, and transportation- which helped him win the endorsement of the influential Farm Bureau, whose 400,000 farmers and ranchers put high value on having a seat at the table in Washington. Lampson, who voted against the controversial $700 billion "bailout" package, has again won an endorsement from the NRA, evidence of his support for some of the socially conservative issues that resonate in Texas. Still he is no Bush defender. Though he originally voted for the Iraq war resolution, he claims Congress was misled by the Administration on the issue...