Word: institutionalized
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But during all of that, there was also persistent anecdotal evidence that lending to credit-worthy borrowers was doing just fine - it seemed every other day some community bank CEO was on CNBC talking about how many loans his institution was making to small businesses and people who wanted to...
Now, I'm not calling GM and Chrysler zombies. Nor am I predicting that the U.S. economy will glide effortlessly through a crisis at the Big Three. But history tells us that no firm is completely indispensable to a national economy, no matter how much of an institution it appears...
With recent administrative calls for budget-trimming, staff in the Faculty of Arts and Sciences have been clinging to their jobs in apprehension, anxious that they are particularly vulnerable in a new era of cost-cutting. Many staffers interviewed by The Crimson expressed concern that the hiring freeze on all...
Sorry, had to look them up. That would be VA Secretary James Peake, HUD Secretary Steve Preston and Energy Secretary Samuel Bodman. They're not exactly household names, which is why it's so weird that second-tier Cabinet appointees get so much attention initially; they rarely make much news...
Madoff was a donor to the Democratic Party and to Jewish organizations. A number of large Jewish charities are expected to be among the investors who lost money in Madoff's funds. Madoff was chairman of the board of Yeshiva University's Sy Syms School of Business and treasurer for...