Word: macs
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...just under a month, reporters have been fashioning articles about the financial crisis by simply listing the venerable Wall Street institutions that have met their demise: Bear Stearns, Fannie Mae, Freddie Mac, Lehman Brothers, Merrill Lynch, and, most recently, Washington Mutual...
...know the percentage of alumni working in that sector.Following a year-long slump, financial markets have nose-dived in recent weeks as a series of financial shocks have hit Wall Street, including the failure of Lehman Brothers, the government takeover of mortgage giants Fannie Mae and Freddie Mac, the largest government bailout to date, an $85-billion loan to the American Insurance Group, and most recently, the failure Washington Mutual and its subsequent takeover by federal officials in the largest bank failure in U.S. history. Amid concern that the crisis could prompt a severe recession if left unchecked, Congress...
...weekend from lawmakers on both sides of the aisle and is now expected to be passed Monday by both houses of Congress. The plan follows a slew of financial shocks in recent weeks, including the bankruptcy of Lehman Brothers, the government takeover of mortgage giants Fannie Mae and Freddie Mac, and most recently, the failure of Washington Mutual and its subsequent seizure by federal regulators, the largest bank failure in American history. While the initial response to Paulson’s plan was favorable, and key lawmakers had signaled their support, it has taken flack from academic economists...
Davis, Rick •millions of dollars received from Fannie Mae and Freddie Mac's financial relationship with is revealed by New York Times •New York Times is excoriated as being "150 percent in the tank" for Obama...
...Capitol Thursday, though there is no evidence that Gibbs or any other top-level Obama campaign adviser was meeting behind closed doors with House or Senate members. And having Davis - a former lobbyist who is already under the microscope because of his firm's previous work for Freddie Mac - meeting with House members could undercut McCain's stance as an honest broker, especially considering he attacked Obama Friday for playing politics with the bailout negotiations...