Word: fed
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Dates: during 2000-2009
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...this time we've been fed not one, but a series of promises that aren't worth the subprime paper they were printed on. First, there's the one about the price of real estate never going down. It got repeated so often that even banks and mortgage lenders who should have known better started to drink their own Kool-Aid and lowered their lending standards. It was a mantra compounded by the hard sell that real estate agents used all over the country: Get in now, because it's going to be more expensive tomorrow. Hope you weren...
...York Fed asked Goldman Sachs and JPMorgan Chase & Co. to try to arrange a $70 billion private loan for AIG, but that didn't go anywhere. Treasury officials mulled a government conservatorship as with Fannie Mae and Freddie Mac, but it might have required an act of Congress to make that happen. So the Fed devised a deal in which AIG agrees to repay the loan with asset sales and give the government (and thus taxpayers) a 79.9% equity stake in the company...
...entice JP Morgan Chase to take over struggling Bear Stearns, and Treasury Secretary Hank Paulson, who just over a week ago committed up to $200 billion in taxpayer funds to rescue mortgage lenders Fannie Mae and Freddie Mac, have opted not to go the bailout route this time. The Fed did announce yet another expansion of its lending programs to banks and investment banks, but so far that's it. The hope seems to be that if Lehman's (and perhaps AIG's) liquidation transpires in an orderly enough fashion, a great load of fear and uncertainty will be lifted...
...remaining in regulation. In overtime, Harvard survived several scares before eventually succumbing to the Minutewomen’s attack. With 1:43 left in the second overtime, UMass gained possession and launched a counterattack in which Parker and sophomore forward Katie Kelly led a two-on-one breakaway. Kelly fed the ball ahead to Parker who slipped a shot past Stone for the game-winner. “The team played a very complete game today,” Caples said. “If we play like this, we’ll end up victorious more often than...
...just consumers in the U.S. who are getting fed up with greenwashing. The Advertising Standards Authority in Britain received 561 complaints about potentially false green ads last year, up from 117 the year before. Norway has banned all car ads from using the terms green, environmentally friendly and clean on the grounds that all cars contribute to global warming...