Word: brookly
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Dates: during 2000-2009
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...complete disaster," said Yaron Brook, the executive director of the center. "Its a form of national socialism of the financial markets...This is socialism...
Looking across the various levers that Treasury has pulled, Brook was hard pressed to say which bailout was the most egregious in Randian terms, but suggested that the takeover of AIG by Treasury and the Federal Reserve was particularly troubling because there is a chance that the government will actually profit from the selective sale of AIG's assets someday. "The Fed might make a lot of money on the AIG deal," he said. "We're turning the Federal Reserve into a hedge fund...
...Brook doesn't blame speculators, traders or financiers for the market's near-collapse, but instead blames government for having overregulated the markets in the first place. The business leaders bailed out by government this week "are victims," he said, "and the government set it up." Washington underreacted to previous crisis, let Fannie Mae and Freddie Mac spin wildly out of control as quasigovernment agencies while taxpayers piled up unsecured debt in their names. The crisis, he added, was "really fed throughout by government policies...
...Gazing now at a 150-year-old ambrotype photograph of her convict forebear, Upfold sounds proud and protective. She will not brook any suggestion that Anne Dunne was other than a brave soul who endured a myriad of hardships while at the female factory in the settlement of Parramatta, now a commercial center in western Sydney. Dunne eventually married a lifer named James Tompkins and experienced, Upfold speculates, times of joy in a land where she chose to live out her post-convict years. "In life, you've got to go forward," Upfold says...
...show off the full-scale model of the group's newest brand, a 136-room hotel with an average rate of $150 per night. Leading the way, McGuinness stops before a brightly lit entrance. A waterfall cascades down a wall, replete with the soothing sounds of a babbling brook, "to wash away troubles," he explains as he passes through the second set of doors leading to the check-in kiosks. "Our customers find this sometimes more convenient than waiting in line at the desk," says McGuinness as he taps on the screen to demonstrate how you can select the location...