Word: chairman
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Federal Reserve chairman Ben Bernanke, who in March put up $29 billion to entice JP Morgan Chase to take over struggling Bear Stearns, and Treasury Secretary Hank Paulson, who just over a week ago committed up to $200 billion in taxpayer funds to rescue mortgage lenders Fannie Mae and Freddie Mac, have opted not to go the bailout route this time. The Fed did announce yet another expansion of its lending programs to banks and investment banks, but so far that's it. The hope seems to be that if Lehman's (and perhaps AIG's) liquidation transpires...
Before he became the President, CEO and Chairman of Bank of America Corp. - and the man whose $50 billion purchase of brokerage firm Merrill Lynch & Co. was some of the only good news on one of Wall Street's worst-ever days - Kenneth Lewis was a Mississippi boy who lived in a town so small he once joked that you had to go one town over "just to be born." He went to Georgia State University and then to work at North Carolina National Bank (NCNB) in Charlotte as a credit analyst - his first banking job. That was back...
...staffers took stock of their losses, a cottage industry sprouted around them. Geoffrey Raymond, a painter who creates portraits of Wall Street titans - former New York Stock Exchange chairman Dick Grasso, former New York Governor Eliot Spitzer, ex-Bear Stearns CEO James Cayne - unveiled The Annotated Fuld, a large canvas of the embattled Lehman Bros. leader. Raymond rendered Richard Fuld with yellow brushstrokes, his eyes sunken and gazing into the distance, and invited passers-by to adorn the portrait with personal messages. Lehman employees were offered green markers; non-affiliated onlookers got black ones. Some scrawled angry missives: "The banks...
...James P. Currier, founder and chairman of Medpedia—whose stated mission is to become the world’s largest collaborative online encyclopedia of medicine and health—has called upon faculty at the Medical School to lay the groundwork for the project...
...three wrestlers were not the only casualties in the marijuana scandal: On September 8, in order to take responsibility for the unprecedented upheaval, JSA chairman Kitanoumi, who had also been the stable master of Hakurozan, resigned his post and was replaced by Musashigawa, another former yokozuna...