Word: investors
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Dates: during 2000-2009
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...Root of the Problems Warren Buffett, the nation's most successful investor, back in 2003 called these derivatives - which it turned out almost no one understood - "weapons of financial mass destruction." But what did he know? He was a 70-something alarmist fuddy-duddy who had cried wolf for years. No reason to worry about wolves until you hear them howling at your door, right...
...before 2001 there was a widespread, bipartisan Washington consensus that financial markets knew best. And even when some in government suspected that they didn't, the territorial lines between regulatory agencies often stood in the way of doing anything about it. The Securities and Exchange Commission, well versed in investor protection but not so much in safety and soundness, remained as lead regulator of brokerage firms even as they evolved into giant investment banks whose failure could endanger the financial system. The Office of the Comptroller of the Currency battled state regulators over who had the right to impose consumer...
...solvency. The market turbulence is especially worrying for India's middle classes, who have just begun investing on their own in a big way. (A new Bollywood movie, Saas, Bahu aur Sensex - Mother-in-Law, Daughter-in-Law and the Sensex - captures the craze.) Bhandarkar, an avid investor himself, is worried: "How can a $60 billion loss not have an impact?" When it does, the party may finally have to end. - by Jyoti Thottam...
...Kennedy, scion of America's most famous political family and a wealthy investor in his day, told of selling his holdings before the 1929 market crash because a shoeshine boy had offered him stock tips. The story may well be apocryphal, but in the decades since, shoeshine boys have become a kind of insider's measure of how a market's doing. In the main shopping center in London's Canary Wharf financial district David Peralta is one such oracle, though not because he hands out investment tips...
...Alwaleed: No. You have to understand that our involvement in the recapitalization of Citi is a long-term thing. It's not a one-, two-, three-year plan. In January 1991, I was the only investor in Citigroup at that time, with around $600 million. The next year, things didn't go well, but over the next decade, things really boomed dramatically. You have to look at the investment in Citi as a long-term thing...