Word: deal
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Dates: during 2010-2019
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...December, Citi and the feds struck a deal to get the bank out from under the government's most stringent pay rules. Citi paid back $20 billion of the money the government lent the bank, and the Treasury Department agreed to declassify Citi as one of the firms deemed to be receiving "exceptional financial assistance." (See the best business deals...
Unlike the BofA deal, however, Citigroup's left intact a large investment in the bank on the part of the government. Citi repaid the government's $20 billion in Citi preferred shares, and it closed an insurance agreement that had the government backing as much as $300 billion in troubled Citi loans. But the deal did nothing to repurchase the 7.7 billions shares the government had acquired in Citi in mid-2009. The Treasury considers its remaining stake in Citi part of the Capital Purchase Program initiated at the start of the financial crisis. But because the government owns common...
Tickets were a whopping $175 per plate to the event, but in the spirit of the New Deal, some were made available for free to undergraduates on a first-come, first-serve basis. And true to Harvard College form, the event mixed high class with even higher class by inviting the Roosevelt Institute, a student group dedicated to progressive government policy, to help bring some undergraduate flair to the event...
...appears to have forgiven him. "I don't know if you can ever mend something like this, in the sense of repair the canvas so that you never see the tear in the fabric," he said. "I'm incredibly lucky to be with a woman who is willing to deal with that tear in the fabric and keep moving forward." Asked why he didn't simply have an affair, he said, "I know this is parsing it very thin, but the emotional component would have in some ways been a worse violation." In other words, he might still be governor...
...Democratic response. It demanded more forceful leadership from the President, to be sure. It demanded a brisk, disciplined legislative process. But that seems well beyond the capacity of the current Democratic leaders. The most egregious example was Reid allowing Baucus to dawdle for three months, attempting to cut a deal with the Republicans on the Finance Committee, during which time support for the bill curdled as Tea Party Summer unfolded. The Democrats also allowed their own special interests - the lawyers, the labor unions - as well as individual members to barnacle the bill with codicils and special deals that worked against...