Word: greed
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Dates: during 2000-2009
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...done. After all, the people who would be brought in to do the deals would come from some of the very Wall Street firms that caused this problem in the first place. But as unpalatable as it is to bail out the wealthy financiers whose greed got the economy into this mess--and to do it, no less, in an election year when voters are already furious--the trio maintained that not doing it would be even worse. "We just haven't communicated as well as we need to. The average American looks at this as being about Wall Street...
...nature to see problems in terms of personal culpability; while other leaders were debating the best way to set a price for distressed debt, McCain was calling for the head of Christopher Cox, chairman of the Securities and Exchange Commission. Both Obama and McCain maintained that greed is the root cause of our troubles, but in Obama's mouth it sounded like a diagnosis, whereas from McCain the word landed like an indictment...
...that "ultra-liberalism" - French parlance for the unbridled marketplace - is "as disastrous as communism." For decades, any episode of turbulence in the U.S. stock market or speculative finance sector was bound to provoke scorn across France's political spectrum. Detractors disparaged the U.S. economic model for rewarding short-sighted greed with indecent executive compensation, for its myopic focus on share price rather than wider-view company performance, and for its recurrent bubbles and busts. "People ironically asked when American markets would stop believing in free lunches," recalls Mistral...
...bribery. The attorney general has yet to issue the indictment, and Olmert's lawyers say he is innocent. Nevertheless, his long career in politics, from Jerusalem mayor to cabinet minister to Prime Minister, appears to be finished. As Haaretz editorialized: "His personal conduct, which reflected his hedonism and greed, shadowed his performance as Prime Minister." It's now up to Livni to see if she can create a new government from the remains of Olmert's tattered legacy...
...While we do not support unbridled regulation of the market, in some instances it is indeed necessary. Government oversight is particularly important in sectors and for companies that have a broad and direct impact on everyday Americans. Look to the sub-prime mortgage markets as an example. The clear greed and corruption that led to unprecedented profits via severely leveraged transactions, all in the pursuit of pushing the sheets through the roof, was left unblocked. The result is that now the average American taxpayer is paying the price through bailouts, and the average consumer is losing her shirt by foreclosures...