Word: feds
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Dates: during 2000-2009
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...more currently outstanding mortgages default, won't the problem just keep going on and on? Yes, that's a big part of the concern at Treasury and the Fed. That economic trouble emanating from the financial system will cause even more people to fall behind on their mortgage payments which will lead to even more trouble in the financial system...
...effects will be invisible. The Yard is undergoing a comprehensive soil restoration project that will revitalize its heavily-trodden grass and, within the next year, eliminate the use of herbicides, pesticides, and synthetic fertilizers. Three organic test plots were implemented in Harvard Yard in March 2008. The plots were fed compost in lieu of conventional chemicals, and have been monitored biweekly for soil health and texture for the past six months. The ongoing results of the plots “exceeded expectations” according to Eric T. Fleisher, who was a fellow last year at the Graduate School...
...Rather than bailing out Wall Street, we propose that the government should buy up the actual mortgages in question and do nothing else. The government should not touch any derivatives; that is, claims that do not directly tie into the actual mortgages. If money becomes too tight, then the Fed can certainly increase its loans to financial institutions...
...asking Congress 11 days ago for the authority to spend up to $700 billion to buy troubled assets, Paulson and Fed Chairman Ben Bernanke were hoping to share some of the responsibility and the blame - and get the freedom to boost companies that weren't already on the brink of failure. Instead, they're back to being crisis managers for the moment - and maybe for the duration of the crisis...
...Mothers who fed their babies tainted formula began noticing as early as last year that their children were getting sick. Dairy giant Sanlu Group, one of the producers of melamine-laced milk powder, knew as early as June about the problem, but didn't publicly announce a recall until Sept. 11. In addition to the four deaths caused by the poison, 53,000 Chinese babies have been sickened and 12,000 have been hospitalized. Out of 109 Chinese companies whose products have been examined for contamination, 22 have turned out to be trading in melamine-tainted milk products...