Word: greed
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Dates: during 2000-2009
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...many among the most egregious alleged billionaire bamboozlers, like R. Allen Stanford and Bernie Madoff, are taking the art of thievery to the next level. Some don't even bother opening an investor account when new monies come in; they just go shopping. It's enough to make Gordon ("Greed is good") Gecko blush. (See 25 people to blame for the financial crisis...
...afternoon. The Dow was down almost 200 points, and Orman was lounging on the terrace of her San Francisco town house, wearing a leopard-print tunic and cowboy boots. She looked up and popped a grape into her mouth. "This is happening because of the lies and deceit and greed of Wall Street, the mortgage companies, the SEC, the Administration," she said, growing agitated. Her outlook on the economy is practically apocalyptic: Millions more jobs will be lost, the stock market will probably continue to drop, and things won't start to get better until 2015. "Shysters! They...
...industry and orders dried up almost overnight. By the end of 2008, the once proud matriarch was seen in tears on German television, leading employees in a demonstration to prod the government to bail out her hapless clan and save thousands of jobs. But given the Schaeffler Group's "greed is good" image, it was no surprise that Chancellor Angela Merkel said nein...
...think of 25 reasons for the economic mess we are in, but none of them relate to specific people. The culture into which we have evolved includes no moral compass and is based on greed; instant gratification; selfish disregard for others, present and future; an expectation that the government will handle all our needs--you get the idea. We can all take blame. Joe Gordon, DALLAS...
...many of those condos and McMansions are now homes for little more than the ghosts of greed and stupidity. Federal Housing Administration loans, which have more lenient credit and down-payment requirements, can help some low-income buyers scoop up some of those units. "But most of those homes will never be available to the people we serve," insists Lloyd Boggio, a Miami developer and chairman of the Florida Coalition of Affordable Housing Providers. Some communities are using federal Neighborhood Stabilization Program funds to buy up foreclosed homes and convert them into rental units, but they say it's hardly...