Word: feds
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Dates: during 2000-2009
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...Lehman Brothers have vanished into the ether, while fellow bulge-bracket Merrill Lynch was engulfed by Bank of America. Even the top firms Goldman Sachs and Morgan Stanley have agreed to become bank holding companies, subjecting themselves to restrictive regulations in return for greater access to liquidity from the Fed...
...this crisis. Paulson, Bernanke and Geithner--whose conference calls can number more than half a dozen a day--have been quietly trying to keep the ship in the channel for months. Treasury Secretary Paulson, 62, was one of Wall Street's toughest dealmakers as CEO of Goldman Sachs. Fed chief Bernanke, 54, is a quiet academic who was the chairman of Princeton's economics department and is one of the foremost scholars of the Great Depression and other economic catastrophes. Least known of the three is Geithner, 47, whose years at Treasury in the 1990s and position at the Fed...
...Constitution Avenue, where he monitors two computers and a TV while chewing on Necco Wafers, Bernanke is calmer, quieter and prone to offering up a fourth option when three are on the table. Paulson called him "pragmatic, intellectually curious--a courageous guy." Geithner, working from the New York Fed's imposing Manhattan headquarters on Liberty Street, often serves as the bridge between the other two back in Washington. "There isn't anything spoken in anger, but certainly these are men with ideas and can be forceful in how they express them," says one person familiar with their calls. "If there...
...been unable for years to find funds for all sorts of other national priorities provoked a bitter and bipartisan backlash. "Paulson confused venture-capital behavior with leading a free society," says former House Speaker Newt Gingrich. "I don't know why Bernanke thinks a problem largely created by the Fed and the Treasury is something that only the Fed and the Treasury are smart enough to fix." Others went further: "It's financial socialism," Senator Jim Bunning of Kentucky told Paulson and Bernanke at a stormy Senate Banking Committee hearing, "and it's un-American." Bunning, a conservative, was echoed...
...Hajj penned thousands more words during years as Prisoner 345 -including accounts of being force-fed through a tube during months of a hunger strike; of being locked in a cage for two weeks with no toothbrush or soap, after guards found an iron nail outside his cell window; and of being placed in a single cell with no blanket or bed, after refusing to submit to vaccinations he had already received in Qatar. Asked to comment on these claims, U.S. Navy Commander Jeffrey D. Gordon on Wednesday told TIME that Al-Hajj had "routinely made baseless assertions that...