Word: blamed
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...many banks were lending $30 for every dollar they had in the vault. "Changing the net-capital rule was an unfortunate misjudgment by the SEC," says former SEC official Lee Pickard. "It's one of the leading contributors to the current financial crisis." (See who else is to blame...
...This represents a substantial step forward for Talbots," says company president and CEO Trudy Sullivan. "It stabilizes our liquidity during these most difficult and uncertain times, enabling us to focus on implementing the key strategic initiatives that will drive improved performance of our business." (See who's to blame for the financial crisis...
...benefits. If these entitlement promises are real government debts, they are also real assets for the people who will enjoy them. If (as we gloomsters suspect) they aren't real for the future recipients, then they aren't real for the government either. (See who's to blame for the current financial crisis...
...than 16,000 sets of body armor after an audit by the inspector general of the Defense Department concluded that they failed tests to meet Army specifications. The IG fingers the Army for failing to conduct adequate testing before contracting for the armor. This is the second audit to blame the Army for the quality of body armor. A year ago, the IG found that the Army failed to follow federal contracting rules in procuring armor and concluded that the Pentagon had "no assurance" that nearly half of 28 contracts - worth nearly $3 billion - "met the required standards...
...Pusar and Lin’s clutch conversions. But in the extra period, the Crimson scored just four points while committing three more turnovers.“We had so many chances to win tonight,” Lin said. “We have no one to blame but ourselves.”—Staff writer Emily W. Cunningham can be reached at ecunning@fas.harvard.edu...