Word: lehman
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Dates: during 2000-2009
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...months, Paulson's public image has taken quite a beating. The former Goldman Sachs CEO entered September as the can-do dealmaker who seemed to have finally gotten the yearlong mortgage crisis under control. Now, after the expensive rescues of Fannie Mae, Freddie Mac and AIG, the failure of Lehman Brothers, and the painfully dramatic struggle to get a $700 billion financial bailout bill through Congress, he is a much-diminished figure. He has zigzagged and he has waffled and he has backtracked. His decisions and his motives have been harshly questioned on Capitol Hill and by the press...
...ongoing economic crisis has brought down corporate giants such as Lehman Brothers, prompted the major buyout of Merrill, and sent many outbound Harvardians into the real world without the comfort of a surefire money-making contract in their back pocket. But while we’ve all been watching these titans battle, the less-followed everyday industries suffer too, and in particular, an industry near and dear to our hearts—print publications. If you thought “The Bubble” couldn’t be burst, think again. 02138, a magazine by Harvard alumni, for Harvard...
...moment Lehman Brothers collapsed in September, McCain led the campaign, riding high on a post-convention bounce. But as approval of President Bush plummeted to historic lows, and the electorate rejected a tainted Republican party, McCain found himself unable to control his own destiny. In the final weeks, he ran a hard race, refusing to give up in the face of daunting polls. "It's the only way to finish anything that you do in life, that's a competitive venture, which is full speed," explained Schmidt...
...Lehman Brothers evaporated, McCain was running 2 points ahead. In September, when the Wall Street Journal asked people who was better on taxes, McCain beat Obama, 41% to 37%. Over the next month, there was an 18-point swing, until Obama prevailed on taxes, 48% to 34%. The Obama campaign never missed a chance to replay McCain's quotes about the fundamentals of the economy being strong or that he was "fundamentally a deregulator" at a time when regulation was fundamentally overdue. The moment McCain tried to seize the moment, suspend the campaign and ride back to Washington to rescue...
...hadn't had the collapse of the global credit market, yeah, I think we might have been able to fight our way through it. I was just looking at the popular vote. It's 53% to 46%. We were probably three or four points on top of him before Lehman Brothers went down. You had a country that was fed up with the Bush Administration, horrible wrong-track numbers, and an opponent with $700 million. We had $85 [million]. And we got 56 million votes. That's not too bad in this environment. All the really, really red states that...