Word: greeds
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...began last week with the arrest of a leading German executive on suspicion of tax evasion. Now Germany is enthralled by a tale of unbridled greed that offers as much drama as any Hollywood thriller could - but with possibly far greater political consequences. Prosecutors have said that further probes are under way into the tax affairs of hundreds of individuals suspected of funneling millions of euros into anonymous bank accounts in Liechtenstein under the radar of German tax authorities. The targets are thought to include some of Germany's wealthiest and most prominent citizens...
...number one hit “All I Wanna Do.” But here, again, the subject matter has a deeper bottom. There’s an allusion to the “seven hills,” presumably of Rome; a couple stark rebukes to capitalist greed (“We celebrate the golden cow / Praise the bloated bank account”); and an invocation of Babylon, whose most salient historical bullet-point is that its walls came tumbling down. These references all paint a picture of an America that’s ready to crumble.More...
...world of dizzying financial complexity, this explanation fails to address the numerous agents whose alleged irresponsibility and apparent greed set the stage for this fiasco. Mortgage borrowers, mortgage lenders, investment banks, credit rating agencies, and hedge funds all share the blame for this financial crisis...
...hard to pity the imprudent investors of fledgling funds. As the past six months have revealed, the more serious loss is the effect on the entire real estate market and the world economy. Investors around the world are paying for this reckless behavior motivated by the unsupervised greed that courses through the veins of subprime lending...
...sure, the economy will recover, the housing market will surge again, and even the failed hedge funds will open another shop—whether they are regulated or not. What this debacle does offer, though, is an opportunity to understand a network of impropriety driven by greed. In this network, those who have demonstrably overstepped their bounds should be condemned in the ongoing investigations, so as to discourage these practices from continuing...