Word: greed
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Dates: during 2000-2009
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Over the past 20 years of excess, millions of American families have lived prudently and within their means, even as incomes stagnated and good job opportunities vanished. Most of us know what is good for America; we used to live there before the Washington--Wall Street axis of greed wrecked it for so many of us. By declaring that "there is plenty of blame to go around," TIME has now joined Washington in excusing the government's negligence and creating the crisis. Ray Damani, SPARTANBURG...
...hope that those with an overabundance of "things" will recognize that because of a pervasive sense of greed and entitlement, many have lost all they worked for. Maybe as a nation we will develop a conscience and realize the harm we've done. Mary Jo Lisborg, FAYETTEVILLE...
...odds may be working in Greenberg's favor again. The reported recklessness and greed of his successors at AIG have overshadowed any wrongdoing he is alleged to have committed. Since AIG's collapse last September, sources tell TIME, Greenberg has worked with the Federal Reserve and Treasury Department on a plan to rebuild the company. And today, the 84-year-old tycoon is scheduled to appear as the star witness at a House Oversight Committee hearing on AIG's fall and its economic repercussions. A committee aide called him "an investigative asset" who can further understanding of what happened...
...emblazoned with "Gordon Is a Moron," just wanted his government "to do stuff for working-class families," he said, puffing on a neatly rolled cigarette. With tongue in cheek, Delores Forothers - think about it - was marching "to support all these bankers," she said in her best fake-posh accent. "Greed," she added, a black feather boa around her neck, "is good." (See pictures of Michelle Obama's fashion sense...
...spent trillions of dollars bailing out. The GOP blamed Democratic ineptitude in the rush to pass too many bailouts; Democrats and Republicans alike said the Treasury Secretary Geithner has been asleep at the wheel; and the Obama Administration tried to refocus attention on the consensus point that Wall Street greed is the opposite of good. "In the end, this is a symptom of a larger problem - a bubble and bust economy that valued reckless speculation over responsibility and hard work," President Obama said in a statement. "That is what we must ultimately repair to build a lasting and widespread prosperity...