Word: feds
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Dates: during 2000-2009
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...stuck with Chuck? When I started at the Staten Island Zoo 15 years ago, I was working in the hospital - the surgical unit - and that's where the groundhogs were kept at that time. We had some baby groundhogs that were so young they had to be bottle-fed every four hours, so that started this whole process of me taking groundhogs home on weekends. Chuck was wild caught. He was an orphan, but now that we only have Chuck, he lives with...
...where they are. Sources say the Federal Reserve would prefer to let the banks keep the loans and troubled bonds for now and instead provide the banks with insurance policies guaranteeing that the government will swallow a good deal of future credit losses. But a similar deal that the Fed struck with Citi did little to boost that company's stock or stave off fears that it may soon go under...
...Year in December. Now he's fighting to keep his job. And even if he succeeds, he's got a new partner. The government already has a large stake in his bank, with its $45 billion in preferred shares. The government's ownership could dramatically rise if the Fed starts buying common shares of BofA, which would mean that Washington would be calling more of the shots. Increasingly, the only shareholder that matters to Bank of America and other banks is Uncle Sam. Without the government, the math of the banking business these days just doesn...
Junior forward Doug Rogers led the team’s comeback by scoring the first of Harvard’s three unanswered tallies at 18:41 in the second with a 5-on-3 advantage. After moving the puck around with Biega, freshman forward Eric Kroshus fed the puck across the goal. Rogers was waiting on the left post and easily beat the out-of-position Big Green goaltender...
...rate policy that was appropriate for the previous "inventory cycle" recessions since World War II, but didn't fit at all the collapse of a speculative bubble in the stock market in 2001 and 2002. Consumers, and the housing market, weren't in a recession at all - and the Fed's super-low rates precipitated a bubble. "We inadvertently stimulated an industry that was already in boom conditions," Gramm said. "This changed everything. It changed consumption behavior, it changed lending behavior...