Word: lynches
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...former Treasury Secretary Henry Paulson. According to information released by NY State Attorney General and governor-in-waiting Andrew Cuomo, Lewis was threatened by Paulson who told him that the entire B of A board would be dumped if the bank backed out of a deal to buy Merrill Lynch. Passing the blame, Paulson claimed he was merely doing the dirty work of Fed chief Ben Bernanke. Bernanke has tried to distance himself from the event. The press has used the story to paint a picture of Bernanke as a ferociously determined leader. He has instantly earned a new respect...
...Bernanke and Paulson were doing what they thought was necessary to prevent what they viewed as a possible catastrophic failure of the national and perhaps global banking system. If Merrill Lynch had been left on its own to suffer huge fourth quarter losses, it might have faced a fate like that of the departed Lehman. Morgan Stanley (MS) nearly had the same set of problems until the Japanese financial house Mitsubishi UFJ agreed to honor a commitment to put $9 billion into the U.S. investment firm. Whether their presumption was right or not, it appears that Paulson and Bernanke believed...
...companies, though, are seeing the same benefit. As a recent Merrill Lynch report pointed out, when companies with lower credit ratings are going to issue debt, they're still paying up. Bonds that fall in the lowest category that still manage to be considered "investment grade" are yielding 5.3 percentage points more than government bonds. That's down from a high spread of 6.2 but still far above the 22-year average of 2.2 points. High-yield bonds, which are even riskier, are at a spread of 15.2. That's down from a high of 19.8 - yet three times...
Greg Fleming, former president of Merrill Lynch, is probably the highest-ranking Wall Streeter to make the move so far. Earlier this year, after Merrill was acquired by Bank of America, Fleming decided to exit the newly combined firm for Yale Law School. This semester, he is teaching a class that brings financial professionals to New Haven to explain the economic events of the past year - and the class is drawing praise not just from students but other teachers. (Read "Facebook's Latest Role: College Guidance Counselor...
...Franck and featured some professionally trained dancers and other undergraduates. The piece, choreographed by Claudia F. Schreier ’08, focused on various leg movements and lifts by performers Puanani H. Brown ’12, James C. Fuller ’10, Amanda C. Lynch ’10, Kevin Shee ’11, and Elizabeth C. Walker ’11. The interplay between the bodies of the two male dancers and three female dancers throughout the performance created an overall elegance and grace comparable to that of any professional company.When Diaghilev was asked about...