Word: hanks
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Dates: during 2000-2009
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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...
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...
Where will the $700+ billion go? What exactly will it buy and from whom? That's the, uh, $700 billion question. Mortgage-backed securities were to be the main target, and banks the main sellers. But Hank Paulson and Ben Bernanke wanted a fund that could buy pretty much anything from anyone...
...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...
...pocketbooks—of every American, and is sending Congress into panic mode again. It seems that few predicted a worsening crisis after the subprime bubble months ago, listening to President George W. Bush’s serene conviction that everything was going smoothly, and Treasury Secretary Hank Paulson’s repeated assurances that, “It’s a safe banking system, a sound banking system. Our regulators are on top of it. This is a very manageable situation...