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Within days of Lehman's failure, it was apparent that the market wasn't up to the task. There was a run on money-market funds after the Reserve Fund (which had pioneered the money-fund business in 1970) revealed that it owned a lot of suddenly worthless Lehman debt. London-based hedge funds that relied on Lehman for day-to-day financing found themselves unable to do business. Similar dislocations played out around the world, and financial institutions became paralyzed by fear and confusion. They simply didn't trust one another anymore and didn't want to lend...
...from turning into a depression, the bailouts kept millions of people from ruin. But this success may have made it impossible to fix what ailed the financial system in the first place, which could eventually bring ruin to even more millions. The future is uncertain, so there's a lot to be said for solving today's real problems rather than obsessing about tomorrow's hypothetical ones. The trouble is that they won't stay hypothetical forever...
...hilt. Because that character called himself NPH, Harris now uses those initials to sign autographs and identify himself on his voice mail. "He's extremely comfortable with who he is," says Harold & Kumar co-writer Jon Hurwitz. "He's not somebody who seems to have a lot of demons and is torn up inside about his place in the world...
...really happy when I saw what was going on,” Ortiz said. “It seems like a lot...
...Marcus contended that if the book does not have a historical skeleton, it doesn’t need one. “What it is in pursuit of is a heart,” he said. “That might tell us a lot about where the country is and where it needs...