Word: knew
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...wife of a guy who went to high school with Spoor's fiancé - a woman Spoor barely knew - was the first to post a congratulatory message on Spoor's Facebook wall. Spoor realized her mistake and deleted the message, but by then it was too late; her future in-laws had seen the message, and the status update, and called to ask what was going on. How do you explain to your family that you told the Internet you just got engaged before you told them? "It caused a huge fight," she says...
...combined total of almost $60 billion. JP Morgan (JPM) and Goldman Sachs (GS) passed the tests and are free from any additional obligations. The stock market has been voting on which banks are in trouble. The price of the shares in each of the banks indicates that traders already knew which firms had problems...
...banks. It is unlikely that anyone will be punished for passing along information which the public should never have seen before the pre-announced release date. The information caused movement in the stocks of a number of the banks. Disclosure regulations probably prohibit sharing what the government knew about the firms. In the fury of activity to prepare the findings and present them so that Wall St would not panic, the process of safe guarding the data was neglected. If several of the banks were found to be insolvent, the issue of the public discovering the findings in the press...
...primary reason that news organizations gave the bank story so much space was that the public knew the tests were a fraud. Warren Buffett said so, along with a number of other financial analysts. Bank balance sheets are so complex that applying one set of measures for all of them is irresponsible reductionism, these analysts argued. The second part of the fraud was much more elaborate. The government, led by Henry Paulson, forced large banks to take TARP money that they did not need. He made sure that the taxpayers received preferred shares in the firms in exchange...
...seemed ludicrous at first, the idea of Gul Agha Sherzai running for President of Afghanistan. The journalists who knew him, first as governor of Kandahar, then of Nangahar province, nicknamed him Jabba the Hutt, after the villainous behemoth of the Star Wars movies. It wasn't just his size (he readily admits he is considerably overweight), or his deep, throaty chuckle, that evoked such a comparison. It was more his reputation for ruthlessness as a warlord during the country's civil war in the 1990s. Sherzai's ability to get things done, however, has earned him another nickname from...