Word: feds
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...second period when freshman attacker Kevin Vaughn scored an unassisted goal. Two minutes later, junior midfielder Jason Duboe set Cohen up with a beautiful pass in front of the net where the freshman converted for his first goal of the afternoon.Cohen struck again midway through the period. Posner fed the freshman beside the net and Cohen faked a shot low and finished high to give the Crimson a 4-2 lead.Yale fought back, tallying two goals in the latter half of the period. One score came after a blocked shot trickled away from Pike and was recovered and scored...
...governor-in-waiting Andrew Cuomo, Lewis was threatened by Paulson who told him that the entire B of A board would be dumped if the bank backed out of a deal to buy Merrill Lynch. Passing the blame, Paulson claimed he was merely doing the dirty work of Fed chief Ben Bernanke. Bernanke has tried to distance himself from the event. The press has used the story to paint a picture of Bernanke as a ferociously determined leader. He has instantly earned a new respect in the financial community where he had been considered an egg head and milquetoast...
...Fed is considering a plan to back new securitized commercial-property loans for five years, which could help enliven the market and create new opportunities for refinancing. But real estate executives are pressing for more direct government rewards to lenders, like an extra point on the refinancing or a bump in interest rates, to encourage them to continue loans as they mature. "Let's provide a way for [the banks] to roll over those loans, not just say that no one wants to refinance them," said Blaine Walker, a commercial real estate broker in Utah...
...answer may be pulled from the three figures about the economy which have the most bearing on how whether recession is beginning to reverse or not. The first is access to credit. To the horror of members of Congress and the governors of the Fed, The Wall Street Journal came out with an analysis showing that the banks which received TARP funds are lending less now than they were before the facility was created as the handiwork of Henry Paulson...
...instance, when members of the Westboro Baptist Church appeared in Cambridge last month, almost 400 protestors greeted them. The students who confronted the WBC had the best of intentions: They meant to show their opposition to a despicable group. Nevertheless, the WBC fed off the publicity like a cancer. It should have been ignored. But these students’ desire to show that they were better than these bigots proved too powerful to ignore...