Word: blowup
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...their balance sheets, the banks sharply curtailed lending, threatening to throw the economy into a tailspin. The Bush and Obama Administrations poured money into the banks to allow them to restart some lending, but the toxic assets remained on the banks' books. (See five lessons from the AIG-bonus blowup...
...with murder," Representative Peter Welch, a Vermont Democrat, told TIME. He said taxpayers are majority shareholders who are "entitled to know how company money is being spent" without the data's being "dressed up with the benefit of high-priced media folks." (Read "Five Lessons from the AIG Bonus Blowup...
...Oversight Committee hearing on AIG's fall and its economic repercussions. A committee aide called him "an investigative asset" who can further understanding of what happened to the corporate colossus that has received $170 billion in government bailout funds. (See the five lessons to learn from the AIG bonus blowup...
...Will there be some big privacy blowup that says you cannot use this record?” Zeckhauser asked...
...that he has already managed to get AIG employees to give back $50 million of the bonuses. But much of the credit still has to go to the Obama Administration for its handling of the AIG fracas. With that in mind, here are five lessons of the latest Beltway blowup. (Read "The AIG Bonuses: Getting Mad and Getting Even...