Word: bankes
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Dates: during 2000-2009
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...calling "pseudo commandos" - criminals who prepare for a showdown with law enforcement by strapping on bullet-resistant vests before battle. (Technically, body armor isn't considered bulletproof; depending on the vest, high-powered weapons can still cause life-threatening injuries). In one of the most famous cases, in 1997, bank robbers Larry Phillips Jr. and Emil Matasareanu faced off against police outside a Bank of America branch in North Hollywood covered in body armor and toting high-powered weapons. After injuring 11 officers and six civilians, both men were killed: Matasareanu by shots outside the coverage of his armor...
...hallmark of capitalism, before the government got involved in what car company and bank executives were to be paid, was that employees could make as much as management felt they were due based on their contributions to the firms where they worked. The best salesman at a company could earn more than the CEO. The best investment banker at a brokerage firm could earn more than the head of investment banking. Just because a CEO held the highest title at a company did not mean that he had to be paid more than everyone who worked for him. Annual compensation...
Several prominent bank analysts came out with statements yesterday saying that the largest U.S. financial firms would post more heavy losses and that their accounting methods would obscure the worst of it. George Soros, the grand old man of the hedge fund business, repeated his belief that the banks are insolvent. If he is right, earnings are irrelevant...
...these comments cast the Treasury as a collection of desperate people, cornered by the faltering financial system, who are willing to pull any rabbit that they can find out of their hats. This makes the new Geithner plan for public /private partnerships to buy toxic bank assets look like a carnival show. It was not heartening to see that the Treasury admitted that it did not have many takers for this new program, so it extended the deadline for applications by two weeks until April 24. Unfortunately, world class financiers keep track of things like dates. Those who have passed...
...Holyoke and Mount Auburn Streets. The scare was precipitated by a call to Cambridge police made by a pedestrian early Saturday morning, according to Nick Nicholas, an employee of the Crimson Corner newsstand. The pedestrian heard a ticking noise coming from the two mailboxes outside of the Harvard Square Bank of America, Nicholas said, and the source of the ticking was later discovered to be a “clicker” placed in one of the mailboxes. A “clicker” is an electronic device often used in restaurants to alert patrons when their table...