Word: nationalism
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...most active dealmaker in the banking industry, taking over 25 banks in 2008, up from just three the year before, and auctioning them off to the highest bidder. Its chairwoman, Sheila Bair, who was early in warning about rising foreclosures, has become a key policymaker in helping resolve the nation's financial crisis. At her urging, Congress in October upped the limit on FDIC insurance, albeit temporarily, to $250,000 from $100,000. The agency is staffing up too, and plans to hire as many as 125 new staffers over the next few months. (See pictures of the global financial...
...same time that the FDIC is drawing kudos for advocating for troubled borrowers, it is struggling with the higher expenses of doing business as the nation's bank dealer of last resort. And the rising cost of failures puts ever more pressure on the FDIC's insurance fund. In the first nine months of 2008, the fund had to pay out nearly $18 billion to depositors of failed institutions. At the end of the third quarter, the fund stood at $34.6 billion, down 34% from the end of 2007 to its lowest level since...
...nothing publicly at Arlington, and cameras were barred during his Walter Reed visit. But the symbolism is more important than anything Obama could have said. He's gone out of his way to win the hearts and minds - if not the votes - of those wearing the uniforms of the nation's armed services. (See pictures of Obama taken or illustrated by everyday Americans...
Military officers - especially those who tend to talk privately to reporters, knowing that their views will seep into news coverage - say Obama wins points for the national-security team he has tapped. His National Security Adviser will be retired Marine General James Jones, who thereby becomes the new President's closest foreign policy aide. Jones is held in high regard inside the Pentagon for his stewardship of the corps as its commandant and for his final uniformed posting as NATO's military chief. Obama's top intelligence pick is retired Navy Admiral Dennis Blair, widely regarded as whip-smart...
...pictures of Obama's nation of hope...