Word: greeds
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...this debacle—the subprime mortgage fiasco. If you’ve forgotten, then I’d suggest Michael Lewis’s recent article in Portfolio.com, “The End of Wall Street’s Boom,” as a refresher on the greed and incompetence that got us in this situation...
...role of defender of free-market capitalism, as if its very existence were on the table this weekend. "This is a decisive moment for the global economy," Bush said. "In the wake of the financial crisis, voices from the left and right are equating the free-enterprise system with greed, exploitation and failure ... But the crisis was not a failure of the free-market system. And the answer is not to try to reinvent that system...
Says FFlaherty: "The credit crisis we're facing is the result of unbridled greed. We need to bridle greed." Perhaps when world leaders sit down in Washington to forge a 21st-century New Deal for the global financial system, it may have more than a smattering of Canadian banking know...
...These wild swings are unsettling. But against the backdrop of virtually unprecedented uncertainty and complexity that surrounds the meltdown of the global financial system, they are not necessarily irrational. They mimic the mind-set of investors who are cycling between greed and fear as they try to assess whether financial stability is returning, and whether the market has reached bottom after a long and costly plunge. Investors are trying to judge whether stocks have indeed become cheap, as some gurus including Warren Buffett have recently argued...
These traits served Wilson well. His first term saw the passage of groundbreaking measures (including the creation of the Federal Reserve) designed to stabilize and equalize a volatile national economy. Indeed, Wilson faced a country whose rage over Wall Street corruption and plutocratic greed makes current class-based grumbling look decidedly mild. Wilson managed to survive the political storm and win re-election by forging a judicious path between laissez-faire and socialism. What's more, he did it in an era when "socialism" was a genuine grass-roots movement rather than an empty political charge...