Word: banke
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Dates: during 2000-2009
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Mint, which was launched two years to the day before the announcement of its sale, works like a personal financial manager. You sign up and give it the online passwords to all your bank accounts, credit cards, retirement accounts, mother's maiden name, everything. It requires that you show the Full Monty. In return, Mint shows you, with minimal effort on your part, a complete picture of where the heck all your money is going. Many potential investors in Patzer's idea thought people would simply never be bold enough to hand over all that information - Patzer himself admits...
...normal. Consider the financial reforms that the Obama Administration wants to push through Congress before year-end - creating a Consumer Financial Protection Agency, giving the Federal Reserve the job of systemic risk regulator, and establishing a "resolution regime" to wind down troubled nonbank financial institutions (like Lehman) and complex bank holding companies in an orderly fashion. Steps in the right direction? Probably. Truly major reforms? Not so much...
...says, but it must also become "a provider of global peace and stability" by targeting threats - terrorism, piracy - in distant lands. It needs to be more flexible and agile, and should work more closely and more smartly with civilian institutions like the U.N., the European Union and the World Bank. (rEAD: "As NATO Gathers, Its Future Is Looking Cloudy...
...Steel Workers executive who has devoted much of his career to promoting worker ownership of the means of production—as his manufacturing czar. Then again, this is the same Ron Bloom who holds a Harvard MBA and once served as an executive vice president of the investment bank Lazard Freres & Co. And no, he sees no contradiction between his business career and his pro-worker activism...
...Catholic pols who dream of creating a new centrist movement. All of the major figures on the right have too much riding on Berlusconi, who paradoxically grows in power even as the scandals seem to weaken his moral authority. In some ways, Berlusconi is the Italian political equivalent of Bank of America or AIG: he is simply too big to fail. Too many who have carved out their slice of power would risk losing it all in the monumental shakeout that would follow Berlusconi's exit from politics. And even in that unlikely scenario, the Prime Minister would have...