Word: mini
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Dates: during 2000-2009
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...time, Oct. 13, 1989, was the second largest drop of the Dow in history. Nicknamed the Friday-the-13th mini-crash, these days it's not even in the top 10. That might be the scariest fact...
While this was going on, SEC inspector-general David Kotz was huddled for several hours late last week with Madoff whistle-blower Harry Markopolos to learn about two new suspected frauds, or mini-Madoffs. Kotz is conducting an investigation into how the SEC missed the Madoff swindle for so long...
...Monday, January 19, 2009, in the quiet car of an Amtrak train from Penn Station to Union Station, I claimed a seat beside three women traveling together. They offered me homemade cake and a stick of gum while they chatted and sipped mini-bottles of white wine from the café car. Through the train’s windows, we watched the American cityscapes and countrysides fly by. I knew I had to go. Especially when I found out that I would finish finals the Saturday before he was to be sworn in. But despite my long-standing resolution...
...should get worse, he remarked, "Once you break through '74-'75, you don't stop 'til you get to 1929." At almost the same hour, Bill Gross, the undisputed king of the fixed income world and chief of investments at Pimco stated "the U.S. may slump into a 'mini depression' unless policy makers spend trillions of dollars to spur growth." He did not make the distinction between a "mini depression" and one of normal size but his comments were, nonetheless, alarming...
...investment manager told how his nine years of repeated warnings to SEC enforcement officials went ignored and how they dismissed his detailed "red flag" reports. Markopolos also told the committee that tomorrow he will be turning over evidence to the SEC of another major Ponzi scheme, a $1 billion "mini-Madoff." It's expected that the SEC will pay closer attention to him this time. (Read "Bernie Madoff's Victims: Why Some Have No Recourse...