Word: lincolnization
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...minute web documentary, featured on the home page of Obama's website, highlights McCain's involvement in attempts to rescue the California-based Lincoln Savings and Loan Association, chaired by political donor Charles Keating, jr, during the spectacular collapse of the U.S. savings and loan industry in the 1980s and early 1990s...
...effort to reap maximum profits. Fearful about the future of the vast amounts of federally-insured money being invested, the Federal Home Loan Bank Board (FHLBB) instituted a cap on the amount of money S&L's were allowed to place in such volatile instruments. An investigation into Lincoln Savings and Loan uncovered flagrant violations of these regulations, exceeding the limit by over $615 million...
...before any measures could be taken against the company, five Senators came calling at the FHLBB, requesting that the charges against Lincoln not be pursued, on the basis that the S&L was a major employer in their states. These Senators - McCain , John Glenn (D-OH), Alan Cranston (D-CA), Donald Riegle (D-MI) and Dennis DeConcini (D-AZ) - had little in common. Most of them came from different states and different parts of the political spectrum. One of the only elements that linked the men together was Charles Keating. The banker had been a major contributor to each...
...Wall Street created with their exotic financial instruments, and if it was a businessman here in Willoughby who tried to do something cute and it blew up in his or her face, they would be stuck with a bankrupt company. On the other hand, we have companies here, Steris, Lincoln Electric, Lubrizol - just the three of them employ 2,400 people. When will this mess trickle down and affect those companies, and start affecting moms and dads whose kids are trying to go to college or get a car loan...
Physiology could help explain why people are so resolute, often infuriatingly, in their political views. Says John Hibbing, another co-author of the study and a professor at the University of Nebraska-Lincoln: "We need to maybe recognize that we're not going to cause our political opponents at some point to kind of break down, head in hand, Perry Mason-style and say that they're wrong. They just see the world differently; they feel it differently...