Word: bankes
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Dates: during 2000-2009
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Instead of throwing rotten vegetables at you. Well, hopefully not rotten. I mean, I will eat anything. And the rest I'll collect and send to the food bank, so that's fine...
Goldman's riches have deflected the spotlight from what should be great story fodder: Blankfein's personal journey from one of New York City's poorest neighborhoods to its most élite investment bank - and his astounding rise within Goldman. Instead, he has to explain Goldman's performance - and connections - in the face of the nation's epic financial calamity. (See pictures of TIME's Wall Street covers...
...response to her years in captivity is hardly unusual. Explaining it precisely is impossible, but one of the most common theories is the so-called Stockholm syndrome, the phenomenon in which victims display compassion for and even loyalty to their captors. It was first widely recognized after the Swedish bank robbery that gave it its name. For six days in August 1973, thieves Jan-Erik Olsson and Clark Olofsson held four Stockholm bank employees hostage at gunpoint in a vault. When the victims were released, their reaction shocked the world: they hugged and kissed their captors, declaring their loyalty even...
...list of firms expected to get HAMP subsidies reads like a Who's Who of major subprime lenders and loan servicers, including financial institutions that have already received big bucks in the government's bank bailout. Countrywide, which is now owned by Bank of America and was one of the country's biggest subprime lenders, may receive up to $5.1 billion in incentive payments to modify loans...
...academic consultancy called the Institute for Scientific Counselling in the western town of Bergisch Gladbach in March 2008. At the time, the authorities uncovered a mine of information pointing to illegal activity and confiscated thousands of files, including contracts between the firm and lecturers, and evidence of bank transfers. Prosecutors in the city of Cologne say the institute helped doctoral candidates find a supervisor and paid lecturers to take on Ph.D. students. "Some Ph.D. students paid up to $30,000 to get their doctor titles," Günther Feld, a senior prosecutor in Cologne tells TIME. "Many people had received...