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...looking at it. You could also say bank nationalization began in 1984 when regulators decided that Continental Illinois, then the nation's seventh largest bank, was too big to fail and put the Federal Deposit Insurance Corporation (FDIC) in charge of it. Or maybe the crucial moment came in 1933 when Congress decreed that small depositors should be protected from bank failures by the FDIC. Or in 1913 when Congress created the Federal Reserve System to halt banking panics and regulate the money supply. (See pictures of the stock market crash...
...think we'd be better off with no government involvement in banking and an even smaller group on the socialist left who would like to see complete government control of the financial system, almost everyone seems to be in favor of continuing that partnership. What confronts us at the moment is not so much a philosophical debate over nationalization as a practical discussion about how best to put the banking system back on its feet. We're talking tactics, judgments--guesswork...
...panic. Then again, relying on bank execs to price their assets is no good either. Treasury Secretary Tim Geithner hopes to get around this by jump-starting a market for troubled mortgage securities, but he hasn't outlined how he's going to do that. So for the moment, we're stuck with more judgment calls. And guesses...
People have been waiting a lifetime to hear you perform Astral Weeks live. Why did you pick this moment to finally do it? Laurie Miller, SAN DIEGO...
...recruiting class. “To lead the program at this point, it is very difficult for younger players or freshman players to take on that kind of challenge,” Amaker said.But the freshmen on the team have excelled beyond expectation. While their shining moment may seem like a dull ray of light, due to the fact that they are playing because of injuries to the upperclassmen, being pushed has brought out their raw talent.Freshman Max Kenyi has given Harvard valuable minutes at point guard, while freshmen Peter Swiatek and Hugh Martin have gotten their feet...