Word: fixes
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Dates: during 2000-2009
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...second half of his testimony, both oral and written, Markopolos outlined his recommendations for fixing the SEC. Markopolos said that "right now investors are afraid." He cited investor fears of banks, insurance companies, brokerage firms, credit rating agencies, investment manager, and the country's regulatory agencies, including the Federal Reserve and the Treasury. In a backhanded compliment, Markopolos said the SEC is a "bad regulator, but the best of a very sorry lot," though at one point he also suggested that it might be better to disband it or merge it with another agency. The bigger fix, he said...
...advice to Mr. Panetta: resist it. This country cannot afford to turn the CIA into a Boy Scout troop. And there is a quick and easy fix to CIA staffing. Iraq and Afghanistan are grossly overstaffed with good, capable officers. These people are more than adequate to run the CIA's posts around the world. Having so many people in Iraq and Afghanistan was a Bush White House decision. Cut back in those two countries by two-thirds and the CIA will do just fine...
...promote energy efficiency. If the Federal Government is going to spend the money, it ought to promote federal priorities. And Congress could make sure the money is spent productively - and isn't spent counterproductively - by attaching a few general strings to the stimulus dollars. For instance, there should be "fix it first" provisions to prioritize repairs to highways, levees and other infrastructure over new construction, which would create jobs while reducing future federal obligations. We do need to rescue states to prevent them from raising taxes and firing workers, but just as it was crazy to let bailed-out banks...
...Lords, with its 743 members, including 92 who are there only by dint of their aristocratic lineage, remains a byword for tradition and gentility. Those qualities were at least partially reflected in a recent headline from The Sunday Times: "Whispered over tea and cake: price for a peer to fix the law." According to the article, the polite rituals of afternoon tea accompanied a less rarified interchange. The newspaper claimed that some peers may be willing to amend laws on behalf of business clients for fees of up to ?120,000 ($170,000) a year...
Nonetheless, the idea of new loan guarantees as the solution to fix the banking crisis appears to be gaining momentum in Washington and abroad. Earlier in the week, Treasury Secretary Timothy Geithner seemed to have struck a deal between the FDIC and the Federal Reserve to roll out a new phase of the bank bailout plan that would include both guarantees and direct asset purchases. The latter plan is favored by the FDIC and is often called the "bad bank" approach, because the government would set up an institution to buy up all the loans or bonds that are backed...