Word: lynching
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...should take responsibility for everything that has gone wrong in the financial world since he was sworn in. He can then refuse to resign and say that he has the full support of the President. The most important thing he can do is say that the AIG and Merrill Lynch compensation issues are no longer a matter of interest. If the Justice Department wants to pursue them, it can have the files...
Equally upsetting to critics is the list of dozens of companies already benefiting from the AIG bailout. These firms, which insured their purchases of mortgage-backed and other securities with AIG, include investment giant Goldman Sachs ($12.9 billion), Merrill Lynch ($6.8 billion), Bank of America ($5.2 billion) and Citigroup ($2.3 billion). The same firms, directly or indirectly, also received earlier bailout cash under the Troubled Asset Relief Program (TARP). The group includes some of the most sophisticated investors in the world, prompting critics to question why the companies should not take responsibility for their own financial decisions, rather than accept...
...Just two days after Pandit's comment, the head of another beleaguered firm, Bank of America (BAC), said the company would not need another dime from the government and that it would make money in 2009. Ken Lewis has been maligned for his role in buying brokerage firm Merrill Lynch and then not noticing that it had lost $15 billion late last year. And, oh yes, then may have illicitly paid some of that money in bonuses to Merrill management...
...conference began yesterday with a panel composed of Ginsburg, U.S. District Court of Massachusetts Judge Nancy Gertner, First Circuit U.S. Court of Appeals Chief Judge Sandra L. Lynch, and former New York Times legal journalist Linda J. Greenhouse...
...playing Lisa Kudrow's boyfriend on Friends, Politziner asks, "Was she a good kisser?" Rudd deflects with "Well, I knew her husband," and then explains that TV kissing rarely involves tongue. Politziner also finds out the best ad-libbers Rudd has worked with (Will Ferrell, Steve Carell and Jane Lynch), his favorite books (Pete Hamill on New York history), where he lives (he rents an apartment in the West Village and recently bought a weekend house in upstate New York) and what he's been working on (Rudd and some friends wrote a sitcom about actor-caterers called Party Down...