Word: creditably
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...That would be Leonardo DiCaprio, the Prius Prince of Hollywood, who narrates The 11th Hour, and gets a producing credit as well. (The documentary was written and directed by sisters Leila Conners Petersen and Nadia Conners, who co-founded the green entertainment company Tree Media.) DiCaprio's lightly goateed presence, framed against open skies and dizzy cityscapes, serves the film well, which is to say he's a lot more bearable over the course of 90 minutes than Al Gore. He helps make the 11th Hour one of the most affecting additions to the new genre of Coming Environmental Catastrophes...
...bring in more home buyers, lenders began offering mortgages with only a cursory scrutiny of the borrow's qualifications. Many of these loans - including subprime mortgages going to people with weak credit - had low starting interest rates that would rise over time. ? Subprime mortgages as a percentage of all mortgage originations...
...rout begins. Banks tighten credit, raising the cost of financing corporate and private-equity deals. Other investors then want to reduce their risk. Stock prices fall, and bond prices rise. With global markets so closely linked, fear spreads rapidly around the globe...
...Back on Main Street, tighter credit means fewer people getting home mortgages, further depressing the housing market and perpetuating the cycle...
...That someone, Aguirre soon believed, was most likely none other than John Mack. Pequot's CEO Arthur J. Samberg, according to the Senate report, was one of the first people Mack contacted after returning from Switzerland in late June of 2001, where Mack had interviewed to become CEO of Credit Suisse First Boston (now Credit Suisse), which happened to be advising Heller on the GE acquisition. (Morgan Stanley, where Mack had served a first stint as CEO until March 2001, was working the other side of the deal advising...