Word: blame
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Dates: during 2000-2009
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When a company's stock gets beaten down in the market, its CEO often clamors about how short sellers and unjustifiably negative market sentiment are to blame. That's not always the case, but on Sept. 17, John Mack may have had a point...
There's a furious argument over whether shorts hastened the demise of Lehman and AIG, cutting the off their oxygen when it was desperately needed. And some have laid the blame at the feet of SEC commissioner Cox. "Chris Cox is responsible for the largest destruction of wealth in U.S. history," hissed Mad Money maestro Jim Cramer on his CNBC show on Tuesday. "Because of Cox, the shorts won." (Republican nominee John McCain called Thursday for Cox to be fired - the same Cox some conservatives touted as a possible running mate earlier this year. President Bush said he fully supports...
...where to assign blame for the ongoing market turmoil, the economists named the usual suspects: reckless mortgage lenders, government mortgage bond insurers Fannie Mae and Freddie Mac, bond rating agencies, the investment bankers who bought securitized home loans, and the government for failing to properly regulate investment banks and other less transparent securities markets...
...There are so many people to blame you don’t know where to start,” Rogoff said...
...Towards the end of the Olympics, when most athletes had finished competing and many now sported medals around their necks at exclusive parties all over Beijing, I shifted the blame to my parents. It was no longer, “What have I done with my life?” but instead, “Why didn’t Mom and Dad force me to focus on an obscure sport from day one?” I might have complained a bit now and then, but years later I could have been standing on the podium thanking them...