Word: messes
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Most informed people acknowledge that the financial mess began not with Republican deregulation but with liberal social engineering--exploited by Wall Street, to be sure, and unchecked by either party. A Republican House helped pass the Sarbanes-Oxley Act, the most sweeping regulatory bill since the time of Franklin D. Roosevelt. If liberals rule unconstrained, we won't recognize our country in 30 years. Lori Zimmerman, RED BANK...
...This whole mess began in the first place, we're told, because of too little government. Those crafty capitalists on Wall Street should have had a heavier dose of regulation to keep them in line. Even the whole concept of free, liberal economies has come under attack. Some observers have gone so far as to praise state-guided economies, like those of China or the Gulf emirates, where the government owns or controls large swaths of the economy, as superior to their laissez-faire counterparts. Columnist Joshua Kurlantzick wrote that these countries "have proven so successful that even before...
...After the mess that followed Lehman Brothers, regulators have no interest in seeing another big financial player go belly up. And now the government has a vested interested in not letting that happen. In October the government, as part of the TARP program, invested $25 billion in Citigroup. Treasury Secretary Henry Paulson has said he will do everything to protect that and other taxpayer investments. Paulson agreed to invest more money in AIG to keep that insurance company alive. So there is reason to believe he would do it again with Citi...
...company jets. Two of the three - GM's Richard Wagoner and Ford's Alan Mulally, who last year made a combined $37.4 million - also refused to give up their annual salaries. All the while, the trio, rounded out by Chrysler CEO Robert Nardelli, proclaimed their innocence for the mess their companies are in, laying the blame largely on an unprecedented credit crunch that has helped push car and truck sales to their lowest level in 25 years...
...risks diluting its own popular legitimacy by joining a government over whose decisions it would have limited influence. "[The MDC has] the choice between the devil and the dark sea," says Elinor Sisulu, a Zimbabwean analyst and human rights activist. "Already people are saying that Zimbabwe is in this mess because these politicians are bickering over a Cabinet post...