Word: institutionalized
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I soon expanded into, “If I could take a picture of you every time you did that I could prove you wrong” and “Do you have any respect for this institution?” And someday maybe I’ll even...
As of Thursday evening, however, the Fed and the Treasury proposed a more fundamental solution to the meltdown, and it curiously seems to embrace the idea of eternal return. The bailout package sent to Congress envisages the purchase of toxic mortgage-related assets from banks by a government agency directly...
To halt this implosion, somebody has to leverage up, not down, and acquire assets, not sell them. The government is the institution in by far the best position to do so. The Federal Reserve System can play this role on a short-term basis - halting panics by lending dollars in...
In an attempt to bring some stability to markets, the SEC announced a ban on naked short selling, the aggressive practice of betting on a stock's fall without first borrowing shares. But that did nothing to quell widespread speculation about which struggling financial institution would be the next to...
I was stunned. With one stroke, Professor Darnton arrogantly and ignorantly attempts to destroy the reputation of the entire Fourth Estate of the United States—indeed one of the great pillars of our democratic system. Moreover, he clearly has little respect for his distinguished brother, John Darnton, who...