Word: crisises
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When the financial crisis hit last year, some seniors who had signed with finance or consulting firms suddenly found themselves in limbo, as several shell-shocked companies rescinded offers.
Back in late 2008, though, even at the height of the financial crisis, BlackRock believed AIG could have struck deals with the big banks that would have saved the company money. At issue were the credit-default swaps - essentially bond insurance that would pay out if borrowers didn't - that...
Former Economics Department Chair James H. Stock credited Bernanke with coming up with “creative options” to combat the economic crisis. He called Bernanke “far and away the best choice” because the learning curve for a new chairman would be overwhelming...
While Stock blamed the Bush administration and Department of the Treasury for clumsy fiscal management of the economic crisis, he described Bernanke’s aggressive monetary policies as having “a strong theoretical foundation” and being “the right way to pursue the...
Barack Obama believed in the system. At least, that is what he told America. So, who was the guy in the Oval Office behind closed curtains in secret meetings with Congressional Democrats about healthcare legislation? He chose to avoid the very system so deserving and demanding of respect. He sold...