Word: mortgagees
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Dates: during 2000-2009
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Paulson's current plan exacts no such a price from the financial institutions it proposes to bail out; the idea has not been publicly discussed by either the Congress of the Bush Administration. But it ought not be considered ideologically beyond the pale, since the U.S. government did get equity...
Former Vice President and environmental crusader Al Gore ’69 will speak at a Harvard-wide “celebration on sustainability” on Oct. 22, University President Drew G. Faust announced yesterday. The event will formally launch a greenhouse gas reduction initiative—first announced...
“I think it’s inappropriate of him to assume the incomes of my neighbors... I can tell you they’re having to mortgage their houses and we know this isn’t any favorable environment to do that,” said...
In August 2007, two internal hedge funds, intended to take bets in the subprime mortage market, collapsed, despite being provided with $3.2 billion by Bear CEO James Cayne to bail out both the funds. After the collapse of the funds, Bear continued to lose money throughout the fall and winter...
Paulson knows this as well as anyone. He and his team had been working on his proposal for more than six months, in the event that more piecemeal approaches like the bailout of Bear Stearns or the takeover of Fannie Mae and Freddie Mac didn't stop the bleeding. When...