Word: fed
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Dates: during 2000-2009
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Bernanke, himself an authority on the Depression, has been pushing ever more creative and aggressive means to avoid this, mostly by lending cash or Treasuries in exchange for mortgage securities. The Fed persuaded JPMorgan Chase to buy Bear Stearns in part by agreeing to lend $30 billion against hard-to-sell mortgage securities on Bear's books...
...general feeling in Washington seems to be that the Bear deal "threads the needle in the right way," as Democratic Senator Charles Schumer put it. But if Fed-arranged fire sales become a regular event, questions will inevitably arise about moral hazard and playing favorites. "They stepped into a vacuum, and I think quite appropriately," former Fed chairman Paul Volcker said on Charlie Rose. "But is this what you want for the long-standing regulatory support system? My answer...
Alan Greenspan The king of easy money and little oversight kept the economy greased with low interest rates, but now the former Fed chairman is answerable for having made lending too available, especially to people who really couldn't afford to borrow...
...reside in that once essential, now demeaned genre of domestic melodrama in which family life is a bilious combustion of repressed emotions and grudges that explode into confrontation and recrimination and in which most characters are revealed to be cheating, abused or somebody's unknown daughter. That format, which fed decades of Bette Davis and Joan Crawford weepies, still raises its head occasionally--in the HBO series Big Love or Broadway's August: Osage County. And it's at the soapy, singing center of most Bollywood films. But it couldn't be less attuned to an American movie culture that...
...Those risks were already apparent when Dean and the DNC made their original fateful decision. Last May, Republican Florida Governor Charlie Crist and the state's G.O.P.-controlled legislature - fed up with what they call an absurd presidential primary process that gives small states like Iowa and New Hampshire inordinate clout - decided to leapfrog Florida's primary from March to Jan. 29. The move violated Democratic as well as Republican party rules, but many if not most Florida Democrats also supported it. Still, the DNC ruled that all 210 of Florida's Democratic nominating delegates would be annulled. It exacted...