Word: bets
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Dates: during 2000-2009
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...risk mitigation, the forward push continued. When managers did articulate problems, they were often ignored. In August 2007, one of Merrill Lynch's top risk managers warned his boss that a decision to wager $3 billion on indexes of mortgage-related securities was too risky. The firm made the bet anyway; three months later, the risk manager left. "The psychology during a boom makes it very difficult to come up with large stress scenarios and get management to consider them to be credible," says Ed Hida, a partner in Deloitte & Touche's risk- and capital-management practice...
...don’t bet on dog racing personally,” she said. “I don’t think it was a significant part of our industry...
...President a second time, McCain and his top advisers decided they had to gamble with his most precious political asset: his brand. Team McCain was convinced that to capture the GOP nomination, its man had to prove himself a real Republican in every way. And so it made a bet: the McCain brand was so well established in the public's mind that he had plenty of latitude to woo suspicious conservatives without damaging his reputation as a straight-talking, independent maverick. Or so Team McCain believed. "Americans know John McCain," Mark Salter, the Senator's closest adviser, assured...
...gave Israel generous military aid, supported the government during the controversial 2006 Lebanon war and didn't press too hard for the closure of illegal Jewish settlements inside the Palestinian territories. John McCain, a solid advocate of Israel and like many Israeli politicians an ex-soldier, appeared a better bet to security-minded Israelis than a black American with a Muslim middle name. "Obama's an enigma to us," said one Israeli official. "We're trying to figure out what his victory means." Radical Palestinians are at least as lukewarm, believing Obama will maintain Bush's pro-Israeli stance. ("McCain...
...According to one poll, more than 70% of Mexicans want Obama to win, yet the actual government of President Calderon is not looking forward to that outcome. It had placed its bet on McCain. Why? McCain actually visited Mexico during the campaign, meeting with all of the most important political figures. He even visited the all-important Shrine of the Virgin of Guadalupe. McCain has been an ally of Mexican government interests for many years. He was fundamental to the negotiations of NAFTA and of bilateral border matters. He has also been a proponent for liberal immigration policies...