Word: casefully
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...conspicuously not the case with health care reform, the Administration has laid out specific changes it wants to see in financial oversight. In June, Geithner released an 88-page paper with proposals to address just about everything that went wrong before the meltdown, from unregulated brokers who peddled toxic subprime mortgages with brutal fine print to in-the-tank ratings agencies that vouched for house-of-cards financial instruments they didn't even understand. He proposed much tougher oversight of derivatives, hedge funds and nonbank financial firms like AIG, as well as so-called resolution authority to help public officials...
...political aides were eager to adopt a more populist tone, urging Treasury to give them something they could use. The bank tax was already in the works, but after Volcker made his case at a White House meeting in October, the rest of the Administration started shifting his way. Giant firms like Goldman Sachs were raking in record profits, and financiers ranging from British central banker Mervyn King to former Citigroup chairman John Reed were endorsing the Volcker rule. (See the worst business deals...
...Villepin of charges he orchestrated a smear campaign to scuttle fellow conservative and arch-enemy Nicolas Sarkozy's presidential hopes. De Villepin's acquittal will allow him to redouble his opposition to Sarkozy - and claim he survived the president's attempt to eliminate him with a trumped-up court case...
...when he was given the list, and only learned much later that it was a hoax. A tribunal of three judges believed that position, clearing de Villepin of charges that included complicity to slander, use of forgeries and stolen property, and breach of trust. Three other defendants in the case, however, were convicted for their roles in composing and circulating the fake list. "After many years of torment, my innocence has been recognized," a solemn but relieved-looking de Villepin said outside the same courtroom where Marie-Antoinette was sentenced to the guillotine in 1793. "I harbor no rancor...
...Those roles have since reversed. Sarkozy went on to capture the presidency, and eventually became a civil party to the criminal case built against de Villepin. Both Sarkozy and the politically appointed prosecutor in the case violated presumption of innocence rules by referring to de Villepin as guilty before the trial had even ended...