Word: crash
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...sound of collapsing banks has echoed through the depressed Texas oil fields for two years now, but the crash heard last week was the loudest of all. Federal regulators disclosed that they would pledge $4 billion to rescue Dallas-based First RepublicBank (assets: $32.5 billion), the state's largest banking firm. The initial federal commitment is second in size only to the $4.5 billion bailout of Chicago's Continental Illinois...
...Like Crash Davis, the aging catcher in the hit summer movie Bull Durham, most minor-league baseball players ache to make it to the big leagues but spend their careers taking bumpy bus rides between small-town ball parks. They are like writers who aspire to pen the Great American Novel but settle for scripting comic books: their lives are a compromise, an apology for what might have been...
...feel it coming, SEC or not, a whole new round of disastrous speculation, with all the familiar stages in order -- blue-chip boom, then a fad for secondary issues, then an over-the-counter play, then another garbage market in new issues, and finally the inevitable crash...
...investors are also disadvantaged by a structural convenience that benefits the professionals: brokerage houses buy and sell for their own accounts as well as those of their customers. This can be a conflict of interest, especially during volatile periods. Mayer corroborates the Brady commission report on last October's crash, which suggested that many Wall Street firms unloaded their own falling stocks before executing customers' sell orders...
Mayer would like changes, though he is a pragmatist rather than a reformer. He even seems to have been partially seduced by the pre-crash '80s, a period as supercilious about amassing money as the '70s were overbearing about running up the sexual score. Greed, he concludes, "is the cleanest of vices, the one most easily and publicly rebuked by reality." His good book suggests otherwise. Its lively pages testify to the tendency of greed (or any other vice) to distort reality and ensure that those in its grip will keep coming back for more...