Word: blame
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Dates: during 2000-2009
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Then there's Vail. Having known about the big upcoming losses, Thain nevertheless went ahead with a previously planned vacation to the Colorado ski resort, where he has a place. You really can't blame the guy - conditions were awesome! Vail and the rest of Colorado got absolutely hammered with snow in December. And if you've ever been in the back bowls at Vail in a foot of fresh powder, you can understand Thain's thinking: Let's see, I can ski in perfect conditions in one of the most beautiful places in America or I can stay...
...many chances to win tonight,” Lin said. “We have no one to blame but ourselves...
...Depression-era Glass-Steagall Act that separated commercial banks from Wall Street, and he inserted a key provision into the 2000 Commodity Futures Modernization Act that exempted over-the-counter derivatives such as credit-default swaps from regulation by the Commodity Futures Trading Commission (CFTC). (See who's to blame for the current financial crisis...
...other factor was where Gramm's culpability came in: "the politicization of mortgage lending." Gramm trotted out the Republican bogeymen of the fall election campaign: Fannie Mae, Freddie Mac and the Community Reinvestment Act. But then he did something really interesting. He didn't give them all the blame...
...blame for the current financial crisis...