Word: banke
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Dates: during 2000-2009
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That does not mean that the bank cannot play the Merrill card in the court of public opinion. B of A's CEO Ken Lewis has already made the case the Henry Paulson virtually forced him to close the Merrill deal because it was in the best interests of the country's troubled financial system. If that transaction is at the heart of B of A's capital shortfall, the firm has a legitimate argument that because it helped the government when it was in a jam, it is time for the government to repay the favor...
Will complaining that government pressure to "save" Merrill and Countrywide get Bank of America more favorable terms than other firms that the government says need more cash? Probably not, but it is all B of A has left to make a case that its balance sheet issues are not entirely its fault...
Bernanke has proven himself to be a particularly talented public servant. He saw the credit crisis coming and adjusted the central bank's policies at a rate which was abnormally fast based on Fed history. He offered hundreds of millions of dollars of liquidity to banks that probably would have collapsed without it. He manhandled the people who got in his way, most recently Ken Lewis from Bank of America...
...That's according to the mission statement of the blogger Legofesto, who's amazingly found a way to use LEGO - the stackable, clickable, infinitely malleable children's toys - to tell the story of Guantanamo Bay detainees, prisoner abuse at Abu Ghraib prison, British bank instability, and civilian deaths in the Iraq War. Legofesto, a blogger located in the United Kingdom, won't reveal her identity, but her politics are clear. According to the profile on her blog, she's "a politics-junkie and news-hound, with a obsession for lego and other construction toys ... She is very, very pissed...
When it comes to opera, big is traditionally beautiful. But London's English National Opera (ENO) - the small, scrappy neighbor of the illustrious Royal Opera House - has succeeded by going a different route. While major opera houses bank on grand sets and virtuosos projecting stiffly from center stage, the ENO's nimble productions are as intimate as the form permits. "We want to draw our audience in rather than draw their attention to the artifice of what they are watching," says artistic director John Berry...