Word: lynching
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Dates: during 2000-2009
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...Administration wants to put longtime Merrill Lynch executive Herb Allison in charge of the $700 billion TARP program. Allison is currently the CEO of Fannie Mae (FNM), a job entrusted to him when the mortgage company was in deep trouble...
...banks are supposed to use the government assistance they receive. Lawmakers, who passed the $700 billion financial relief fund in October, originally pressured banks to use government money to make loans. But as the banks' conditions deteriorated and the economy worsened, those demands have faded. AIG, Merrill Lynch and other Wall Street firms have come under fire for paying out rich bonuses to executives despite receiving billions in government assistance. In response, lawmakers have tightened executive compensation rules for banks that have received TARP funds. While Goldman's profits are sure to raise eyebrows, it is not clear that...
PAUL MCCARTNEY and RINGO STARR reunite at DAVID LYNCH concert, then vanish into mysterious vortex...
Media critics have increasingly pointed to Harvard Business School—the alma mater of former Merrill Lynch chief executive John A. Thain, recently ousted General Motors CEO Rick Wagoner, and Bush administration Securities and Exchange Commission Chairman Christopher Cox—as the source of the irresponsible activity that bred the crisis...
Read TIME's Q&A with a Merrill Lynch strategist on the outlook for stocks...