Word: hanke
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...Sept. 29 of this year, as investors and traders reacted to Congress's rejection of the bailout plan presented by Treasury Secretary Hank Paulson, the stock market sell-off was dramatic: the Dow fell nearly 7% that day, a one-day drop that has been matched only 17 times since the index's birth in 1896. From its peak last October, the Dow has fallen more than...
...Representatives rejected a $700 billion rescue package for banks across the Atlantic on Sept. 29. For all the difficulties the Bush Administration has encountered as it tries to push through that package, there's a crucial difference between the U.S. response and the European one: in Washington, Treasury Secretary Hank Paulson has been working closely with Fed Chairman Ben Bernanke to craft a systemic response to what has turned into a systemic crisis. In the 27-nation European Union, by comparison, there is no single bank regulator and no mechanisms by which to craft a comprehensive solution that crosses national...
...campaign office for Democratic congressional candidate Hank Eng is in Littleton, at the western end of Arapahoe County, which wraps around to the east of Denver before shooting 70 miles (112 km) out toward the prairie. Littleton is the county seat and one of Arapahoe's few remaining affluent suburbs. Eng's campaign operates out of a strip mall that has seen better days, wedged between Pathways Home Care Center and an unadventurous-looking storefront called Adventures in Dance...
Georgia Eleven of the state's 13 Representatives voted against the bailout on Monday - decisions that may have had added impetus thanks to Georgia's recent gas shortages. Representative Hank Johnson, a Democrat, says locals have been waiting in long lines for gas and paying big prices to fill up, which could be "partially responsible for people's desire not to bail out Wall Street." An editorial in Tuesday's Marietta Daily Journal gave a thumbs-up to the thumbs-down on the bailout, calling it the "right move from a long-term perspective, but what it means...
...experts are right, the nation now risks great financial hardship, because there was no one to stand up and explain the situation. The Dow Jones industrial average dropped 778 points on the news. Treasury Secretary Hank Paulson warned Monday afternoon that car loans and student loans were likely to tighten. Other economists have warned of the possibility of widespread corporate failures and unemployment, if the short-term credit markets freeze up. Bank failures, or mergers, are likely to continue. The taxpayer costs of federal insurance on deposits could increase...