Word: controling
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...Paulson approach was to throw money at good banks and bad alike, so there would be no stigmatized bad ones--in return for preferred shares that promised income for taxpayers but no direct federal control. In the context of the imminent collapse of the financial system that Paulson and Fed Chairman Ben Bernanke feared, this was understandable. Now it's time for a different approach...
...followed the collapse of Lehman Brothers. The Obama Administration has already said it will buy shares in banks that need more help, and is negotiating a deal that would give it a big minority stake in Citigroup. But it has so far dismissed suggestions that it should take full control of Citi and other big banks. The argument for a takeover is that it makes executives answerable to taxpayers rather than shareholders. The argument against it is that execs solely answerable to taxpayers won't take the entrepreneurial risks needed to return their banks to health...
...Tigers would be in control of their own destiny if they hadn’t been mauled by the Bears for Brown’s lone win in the Ivy season. That is a big dent in their title drive. Look for Princeton to exact revenge this weekend...
...thought, ‘Why the hell should I control someone elses life?’” he said...
...couple; not for my soldier––he’s just an accountant, dragged out of his room––this is not normal, not the way that we live, in fear of explosions; not the way that [Palestinians] live, under Israeli control...