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...could go back and tell yourself to not do one thing during the financial crisis, what would that be, and why? -Kathy Ackerman, Minneapolis I've obviously thought about this a lot, and I believe that the major decisions we made were the right ones. But I've got a list of things that I would like to have done better. For instance, when we sent the Troubled Asset Relief Program [TARP] proposal to Congress, it was a three-page outline. It was not intended to be a complete request. It was intended to be a starting point for negotiation...
...wasn't as hard on Goldman Sachs as it was on some other companies. Why then did it still ask for money under that first set of bailouts in 2008? -Mulkah Ade, London We brought nine big banks into Treasury and asked them to all take capital [voluntarily]. That made it easier for many other banks to do so. In a crisis, we have what some people term the tallest-midget syndrome. Bankers don't want to be perceived as being weak, so they say, "I'm healthy, I'm strong, I don't need it" - right up until they...
...notches tighter. But I wouldn't recommend the cookies as a weight-loss regimen. For starters, they taste like cardboard. Literally. Even Nicole Menage, the WFP procurement director, admitted that the cookies are "probably not extremely delicious." I had been especially unlucky in that my batch was made in Ecuador. Menage said the next Haiti-bound shipment would be coming from Turkey and have a bit more flavor. Alas, it's vanilla...
With government budgets hammered red by the Great Recession, the high cost and human toll of the lock-'em-up strategy has made it hard to sustain. California lawmakers decided last month to cut the number of state prisoners by 6,500 in the coming year. Other states are already at work, on a smaller scale. In 2008, the most recent year for which data are available, 20 states reduced their prisoner counts by a total of nearly 10,000 inmates. As a result, according to the Justice Department, the number of state and federal prisoners grew by less than...
...with penetrating sophistication. CompStat-obsessed politicians fostered numbers-fudging in the ranks. Cool-headed drug lords struggled to tame their war-torn industry. Gangs battled for turf under the nodding gaze of needy junkies. Prisons warehoused the violent and nonviolent with little regard for who could be rehabilitated. It made for award-winning drama, but it also was a reminder that in every American city, neighborhoods remain where violence still reigns and it simply isn't safe to walk around. And national crime statistics mean nothing to the millions of people who live there. (See the top 10 TV series...