Word: exoticism
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Dates: during 2000-2009
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Treasury Secretary Geithner has told Congress that he would like to regulate Wall St. right down to the foundations of all of its buildings. That includes hedge funds, private equity firms, and traders of exotic financial instruments which may include credit default swaps and financial derivatives. Investment advisors like Mr...
It is clear that the Citigroup board did not come close to performing its fiduciary responsibility related to risk and that the risk management staff within the company never understood the exotic mortgage-backed paper that the firm was holding. Or, worse, the risk managers may have known what was...
And no other nation assimilates immigrants as successfully as the U.S. The sooner we can agree on a coherent national policy to encourage as many as possible of the world's smartest and most ambitious people to become Americans, the better our chances of forestalling national decline. The waves of...
Though politicians on Capitol Hill have made less of it thus far, the other change that Geithner is seeking is even farther-reaching and arguably more controversial on Wall Street. As banks must do now, big hedge funds, private equity firms, insurance companies and others who play in the financial...
To be sure, you can't look at West Side Story totally removed from the era that produced it. When it opened, in 1957, Broadway musicals were almost all comedies, set in sentimental fantasylands, whether exotic (The King and I), nostalgic (The Music Man) or contemporary but cartoonish (Guys and...