Word: hitting
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...sense. Alex Pollock of the American Enterprise Institute says it's clear the foreign investors who bought the bonds of mortgage guarantors Fannie Mae and Freddie Mac served to fuel the housing bubble. Ohio State University professor René Stulz, who has studied the financial crisis, says Caballero has hit on a critical contributor. Says Stulz, "Investors looking for safe investments in the U.S. created a demand for new products that caused our financial system to work differently from how it had worked in the past and to become more fragile in ways that were not well understood...
...cataclysmic earthquake that hit Port-au-Prince at 4:53 p.m. on Jan. 12 unleashed devastation in a country that was already among the poorest in the hemisphere. It came without warning, Arbuthnott said...
...eight-month investigation found that Rosenberg asked two cousins of his ex-wife to arrange the killing of a man who was extorting and threatening him. The extortionist was fictitious, though, and Rosenberg was actually planning his own assassination. Unaware that the target was Rosenberg, the cousins contracted 11 hit men, more than half of whom are former or current military or police officers, to carry out the killing, investigators said. (See the top 10 news stories...
...investigation with the help of the FBI and Guatemalan investigators, presented its conclusions in a televised press conference. Investigators said arrest warrants have been issued for the cousins, pharmaceutical-company owners and brothers José Estuardo and José Ramon Valdez Paiz. They are reportedly in hiding. The hit men, three of whom cooperated with the investigation, were arrested last year and are awaiting trial. (See the top 10 crimes...
...Rosenberg went for his weekly bike ride, receiving a phone call from the killers during which he gave them final instructions. He waited five minutes on a grassy patch near a gangly group of bougainvilleas for the hit men to come and kill him. In the days leading up to his death, Rosenberg bought a grave site for himself and one for Marjorie Musa. He left his law firm, turning over control to his law-student son. And he purchased a beach house on Guatemala's Pacific coast for his family, according to investigators and family members. "For someone like...