Word: harvey
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...morph into disyllabic sounds—that draws nebulous, martyrizing declarations out of those who knew her well and those who didn’t. “There was no fire behind her,” bass player and producer Harvey Brooks told NPR in reference to her attempts at studio recording. “By the time the fire came, her personal fire...
...Schieffer was in the Star-Telegram newsroom when JFK was shot in Dallas. A little while later, a call came in from Marguerite Oswald, mother of Lee Harvey Oswald, the suspected assassin in the JFK shooting. At her request, Schieffer and another reporter drove Mrs. Oswald to Dallas where her son was being held, and took statements from her on the way there of which Schieffer says: "She was making these outrageous statements, statements that were so outrageous that I didn't include some of them ... And I learned a great lesson ... that you have to be very careful about...
...collateralized debt obligations) that are now poisoning bank balance sheets. The thinking has been that once financial institutions can unload this trash on the government, the gears of commerce will move again. But that takes time to pull off. "It's an inefficient way to inject capital," says Campbell Harvey, professor of international business at Duke's Fuqua School of Business. And it also has risk. "You are potentially injecting capital by buying assets from institutions that don't deserve...
...exchange for the capital injection. The government would essentially become a passive investor. It wouldn't take any board seats, and it wouldn't actively seek to influence how the banks were being run. It doesn't have to; Treasury has regulatory control over the banking system anyway. Harvey has proposed that the government set up an investment vehicle similar to the Resolution Trust Corporation that rode to the rescue following the savings-and-loan crisis in the 1980s...
...help clear the market. But outside observers already have qualms about a voluntary program. The consensus among experts seems to be that Treasury should shoot the wounded and let the surviving banks buy their assets. "There is no use in injecting equity into institutions that are basically insolvent," says Harvey. There's also what's known as the "lemons" issue: any bank that applies for funds might spook investors. The solution is to make all healthy banks participate...