Word: blame
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Dates: during 2000-2009
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...speed-of-light transformation from champion of market liberalization to strict regulator has left even his allies shaking their heads in disbelief. "Who would have dreamed that a financial crisis would have given Labour a lifeline?" marvels former Home Secretary David Blunkett. One reason is that Brown has shifted blame to greedy bankers (he inveighs against "the age of irresponsibility") and to America's subprime mortgage debacle. "It is pretty clear to me that this problem started in America," Brown declared as he unveiled the bank bailout. The idea of a global contagion originating in a distant country ties...
...with Iceland. The so-called Cod Wars over fishing rights in the North Atlantic led to hostile engagements between British and Icelandic fishing fleets and naval vessels, with nets being cut and boats being rammed, ending in the 1970s with an agreement that many British fishermen still blame for limiting their catches. If Brown fails to retrieve British cash from Iceland, a wider swath of the population - all British taxpayers, in fact - will feel the effects this time around. His chancellor, Alistair Darling, promised U.K.-based private investors on Wednesday that the government would cover their full potential losses after...
Recession Redux It is too simplistic to blame greed for the financial mess [Sept. 29]. The fault is a broader human trait: the reluctance or inability to consider the downside of a situation that has so many attractive features. The financial products at issue were profitable, and people were getting houses. Any problems that arose would be taken care of tomorrow. Wonderful invention, tomorrow! Kenneth Viste, Boise, Idaho...
...Before this latest crisis, investment banks and their executives were hailed by the media as heroes. Now they are suddenly cursed as villains. When the big blame game is played, the role of the media should be included on the score sheet. Roger Almeberg, Helsingborg, Sweden...
...with foreignness. When Americans complain about school integration now, they're often referring to the children of immigrants, who are forcing their school boards to spend millions of dollars on English-as-a-second-language programs. Were Helms alive today and updating his notorious "white hands" ad, he might blame not African Americans receiving racial preferences but Salvadorans or Somalis working for minimum or below-minimum wage. Since 9/11, these fears have often fused--in not entirely rational ways--with fears of terrorism. Anti-illegal-immigration activists often cite the threat of jihadists creeping across the Rio Grande. Two years...