Word: fingered
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...pays for ratings, though, isn't the entire issue. In a speech in early April, Goldman Sachs CEO Lloyd Blankfein put his finger on another deeply flawed part of the system: "Too many financial institutions and investors simply outsourced their risk management," he said. "Rather than undertake their own analysis, they relied on the rating agencies." In other words, the problem is not just the ratings agencies, but the way investors - from Wall Street firms to university endowments - have become mindlessly dependent on them. That is harder...
...understatement. House Budget Committee chairman Paul Ryan was frustrated when GOP leaders, ahead of schedule, rolled out a "blueprint" of his alternative budget without consulting him. The broad outline was deemed a flop because it lacked specifics, and Ryan and the leaders engaged in some public finger-pointing, effectively stepping on the substance of the detailed plan when it was released a week later. As former Republican National Committee chairman Ed Gillespie noted in a National Review editorial, the GOP should expect to be mocked in the media these days. "It was Barack Obama who proved that a candidate...
...sure to turn a profit. This is but one of many bizarre features in the world of credit default swaps—a financial instrument that crippled our global economy. While many different events and policies contributed to the financial crisis, it is safe to point a finger at credit default swaps. The U.S. government should decisively regulate these complex financial instruments...
...between Titian and Tintoretto. While the Titian is beautifully composed and rich in detail, the Tintoretto is a parody of Titian’s scene. All of the figures surrounding Christ are looking away from him, and the colors are muddy and the brushstrokes rough, as if flipping the finger to his older rival. Moving through the exhibition, each artist seems in turn to outdo his rivals, producing works of ever-greater beauty and power—and yet, at the end, it is Tintoretto who seems, if not the most supremely skilled, the most challenging, inventive, and creative...
...tight-fisted grip on the Ivy League championship reduced to a finger-tip pinch, the Harvard men’s tennis team will face trying times this weekend. With its first home loss in the Ivies since 2005 and its Ancient Eight destiny out of its hands, the Crimson (9-8, 1-1 Ivy) will try to reclaim the initiative on the road with this weekend’s double-header against Princeton (9-8, 1-2 Ivy) and Penn (9-9, 0-3 Ivy). Following last weekend’s narrow defeat at the hands of Ivy League leaders...