Word: fed
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
...largest government bailout in U.S. history was born before dawn on Sept. 17, when Federal Reserve Chairman Ben Bernanke woke up at 6 a.m., checked his BlackBerry and saw the very thing he had dreaded: the futures market in free fall. Bernanke, Treasury Secretary Henry Paulson and New York Fed president Timothy Geithner had spent the past year staving off one disaster after another, for the most part working behind the scenes. Earlier in the month, they had let investment bank Lehman Brothers slide into oblivion and then ushered another, Merrill Lynch, into the arms of Bank of America. Just...
...Investment Banking and the Global Equities Divisions at J.P. Morgan, called the regulatory changes at Goldman Sachs and Morgan Stanley “significant.” “The reclassification of Goldman Sachs and Morgan Stanley was not a voluntary exercise,” he said. The Fed and the Treasury forced the changes on both firms as a consequence of providing them with assistance, he said, adding that regulations on the banks will be stronger and the capital requirements will increase significantly. “We will see the firms’ cultures change, and their returns...
...just at the New York Fed. He was president of the New York Fed for at least a year, maybe two years, when I was at Goldman Sachs. And he's a very, very, unusually talented young man. And so he understands government and understands markets. And Ben is, although he's got an academic background, very pragmatic, intellectually curious, a courageous guy. And he has-these steps we've taken have been with the Fed authorities, we don't have the authorities here to do some of the things we've done...
...Fed also agreed to take part in the deal during negotiations, providing a $30 billion backstop to help JP Morgan complete the deal...
...Children's Hospitals, where hundreds of anxious parents were lined up with their toddlers waiting to see a doctor. "Enough with the hindsight," said private business owner Zhang Zaihua, 26. "Where were all those supervisors before this whole thing happened?" Zhang's 19-month-old daughter, who had been fed one of the brands on the government's blacklist of tainted products, had to undergo testing after traces of blood were found in her urine, a possible indication that she might have developed kidney stones caused by the addition of the chemical additive melamine. Zhang said he didn't hold...