Word: failed
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...bankers. A few of them grumbled about Big Government, class warfare and the unfairness of scapegoating financial institutions that already repaid their bailout money while GM and Chrysler keep hemorrhaging taxpayer cash. But one midsize-bank CEO suggested the tax was a reasonable surcharge on too-big-to-fail conglomerates that benefit from an implicit guarantee of federal help in a crisis. "If I fail, the FDIC shuts me down," he said. Then he gestured at a big-bank CEO. "If he fails, the Fed asks how it can help...
...Obama's bank tax - designed not only to make taxpayers whole but also to discourage excessive risk-taking - came from Geithner. And so did most of the Administration's plans to address the too-big-to-fail problem, create an independent consumer agency for financial products and otherwise overhaul the regulatory system that failed so dramatically in 2008. Geithner sees big banks not as evil empires to be toppled but as moneymaking machines to be restrained, so that the panic and bailouts of two years ago are never repeated. Just because it's populist, he likes to say, doesn...
...hotel, a 6-ft. (1.8 m) deep crater smoldered. It could have been worse. According to one of the hotel's security officials, the driver of the suicide vehicle was shot before he could reach the front of the Hamra. The white minibus was apparently detonated remotely, an insurgent fail-safe that adds credence to the fears that the most recent of the coordinated car-bomb attackers are showing increasing sophistication. As the crowd of witnesses and Iraqi rescue workers grew, Iraqi police attempted to interdict the journalists. "Let them take pictures," a woman in a black abaya, dusty with...
...shocked and appalled that Bernanke was named Person of the Year. In my opinion, he set up the devaluation of the U.S. dollar and rewarded bad behavior and business practices of corporations that should have been left to fail. Julie R. Seeley Harvard, Mass...
...plans, like a $500.5 million proposal - approved by voters last November - to build or renovate 18 schools. He has recently signed on for a second year. It won't be any easier than his first. "Change is painful," Bobb says, adding, "We cannot be afraid to win - or fail...