Word: knowing
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Dates: during 2000-2009
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...biggest basket cases - AIG and Citi - got into trouble not because they took risks; they got into trouble because they didn't know they were taking risks. (See the top 10 financial collapses...
...Break up institutions that are too big to fail so that we can allow them to fail. I don't know exactly how to do this - does anyone? - but that's how we solve the problem of letting the small fry fail while saving the wounded whales. Perhaps, as many have urged lately, we can start by reviving elements of the Glass-Steagall Act that kept old-fashioned banks out of the far riskier investment business. And out of big trouble. As we've seen, most of the giant rescued institutions didn't understand their problems until...
Baer, a former Middle East CIA field officer, is TIME.com's intelligence columnist and the author of See No Evil and, most recently, The Devil We Know: Dealing with the New Iranian Superpower...
...would be fascinating to know what kind of intelligence Ahmed Wali Karzai is giving the CIA. If he's telling it that things are fine in Afghanistan, that more American soldiers, time and money will take care of the Taliban and that Hamid Karzai is a competent leader, well, then we have a real problem. One that's a lot bigger than drugs. And it's an even bigger problem if the White House believes anything Karzai has to say. (See pictures of the presidential election in Afghanistan...
...know anyone under the name of the C.I.A. I have never received any money from any organization. I help, definitely. I help other Americans wherever I can. This is my duty as an Afghan." - Denying his paid involvement with the C.I.A (New York Times...