Word: fed
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Dates: during 2000-2009
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...into opposition from White House conservatives. He owes his present job in part to his ability, while at Treasury in the Clinton Administration, to stand up to Summers, according to New York University president John Sexton, who led the committee that chose Geithner for the New York Fed. "Summers told us that Tim was one of the very few people who, when Larry got on a roll, would sometimes take him up short and say, 'Stop. Rethink that position,'" says Sexton. "And do it in a way that caused even Larry to stop and think and even occasionally change...
...Carole Caldwell Graebner, 65, a doubles champion in tennis in the 1960s, was part of the inaugural 1963 U.S. Fed Cup team and a driving force behind the Fed...
...shots in the final minute as Holy Cross was desperate to narrow the margin, emphatically swatting away the second one. Housman keyed Harvard’s pull-away, finding junior guard Jeremy Lin for a three-pointer to make it 56-52 with under five minutes left, then fed freshman guard Max Kenyi for another three two minutes later to give the team a double-digit lead at 63-53. Following a Crusader basket on the next possession, the guard came back, driving for a layup with the shot clock winding down...
...Much of what Geithner, Treasury Secretary Henry Paulson, Federal Reserve Chief Ben Bernanke and Bair have done so far has been to erect ad hoc pillars in the crisis: guaranteeing money-market funds after a run began on them in October; opening the Fed lending windows wide to keep credit from freezing completely; and intervening to wind down big players with a semblance of order, without which we could have seen a retail panic against a Merrill or Wachovia or AIG. As Treasury Secretary, Geithner will play a large role in erecting the last pillar - regulating risk and leverage...
...experience does have its downside. The Administration's attempts to shore up confidence in the stock and credit markets have stumbled, and now even previously rock-solid institutions like Citigroup are in deep trouble. And if Geithner locked horns with Sheila Bair from his perch atop the New York Fed, he'll have to work even more closely with her from the Treasury building on the other side of the White House, as the two will be key players in saving any big banks that fail. They will also control the shape of any mortgage bailout for Americans...