Word: funded
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Dates: during 2000-2009
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...failed compromise bill crafted by Senate Democrats and the White House would have taken $14 billion from a green modernization fund passed by Congress earlier this year - a move at first ardently opposed by House Speaker Nancy Pelosi. "We think the legislation we negotiated provided an opportunity to use funds already appropriated for automakers and presented the best chance to avoid a disorderly bankruptcy while ensuring taxpayer funds only go to firms whose stakeholders were prepared to make difficult decisions to become viable," said Tony Fratto, a White House spokesman, responding to the vote. "We will evaluate our options...
...1990s, Madoff used his success as a market maker to help launch an asset-management firm. Madoff raised money for his fund by exploiting his social network, often courting investors at country clubs where he or family members belonged. At the Palm Beach Country Club, Madoff reportedly found a major investor who helped attract other members for Madoff's fund...
Many of Madoff's clients invested in his funds through a number of feeder funds, which were sold by other firms. Like supermarket brands, the funds carried the name of the investment-adviser firm, which then sent the money to Madoff to be managed. One such fund, the Tremont Broad Market Fund, attracted billions of dollars to Madoff. Many of these funds leveraged their own investment in Madoff's funds, which could amplify the losses felt by the collapse of Madoff's firm. (See the top 10 worst business deals...
Princeton entered into a settlement on Tuesday that will pay out $90 million to end a lawsuit brought against the university for failing to fulfill the original intent of an endowment fund donor...
...attempts at health-care reform failed largely because of his prickly, grandstanding personality, which alienated lawmakers and would-be allies. If anything got passed, says Duffett, legislators "knew the governor would get credit for it." There was also the misguided audacity of his political tactics. He tried to fund his health-care plan, for example, in a budget that included one of the largest proposed tax increases in Illinois history. He lost that battle in humiliating fashion, garnering not a single vote in the state house of representatives. His attempts to privatize Illinois' downtown office property failed miserably as well...