Word: felted
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Dates: during 2000-2009
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...internationalization. Many of the mortgages and mortgage securities owned or guaranteed by Fannie Mae and Freddie Mac were bought by foreign central banks, which wanted to own dollar-based securities that carried slightly higher interest rates than boring old U.S. Treasury securities. A big reason the Fed and Treasury felt compelled to bail out Fannie and Freddie was the fear that if they didn't, foreigners wouldn't continue funding our trade and federal-budget deficits...
...example in our backyard, consider Lehman Brothers. Lehman was so flush, or at least felt so flush, that in May 2007 it sublet 12 prime midtown-Manhattan floors of the Time & Life Building - across the street from Lehman headquarters - from Time Inc., which publishes this magazine. Lehman signed on for $350 million over 10 years. (It's not clear what kind of hit, if any, Time Inc. will now face...
...anything else but beg for help. Because AIG is in a much scarier situation than Lehman - the insurer has assets of $1 trillion, more than 70 million customers and intimate back-and-forth dealings with many of the world's biggest and most important financial firms - Uncle Sam felt that it had no choice but to intervene...
...Right before the markets began to unravel last year, Lloyd Blankfein, chief executive of Goldman Sachs, presciently quipped that he hadn't "felt this good since 1998," referring to the Wall Street wipeout precipitated that year by Russia's defaulting on its ruble debt. Blankfein argued that confidence in global markets had built up to a dangerously giddy level and that investors weren't being compensated for assuming outsize risk in securities like esoteric bonds and Chinese stocks. Blankfein was right, of course, but even he wasn't paranoid enough. Though Goldman stands, along with Morgan Stanley...
...with the Crimson holding a slight 5-4 edge in corner kicks. In such a close matchup, veteran leadership—especially during Wylie and Rhodes’ goals—shone through. On a particularly young roster, Leone’s seniors made their presence felt. “I challenge each one of them all the time about saying something to someone, doing something positive here and there, and they’re all doing it,” Leone said. “They’ve all five giving leadership in their own ways...