Word: pennsylvanias
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...Congressman Paul Kanjorski, a Democrat from Pennsylvania who heads up the House of Representatives subcommittee that oversees Fannie and Freddie, backs a plan that would break up the firms into as many as 15 smaller companies. As with public utilities, he thinks the government could regulate what these firms could charge and how much they could make. That would limit the risk-taking and excess use of leverage that caused the two firms to collapse. "I think it would be bad for the mortgage market to get rid of them completely," said Kanjorski, who also spoke at the conference...
...however, delegates to the Constitutional Convention predicted the nation might need laws that would facilitate going belly-up in an orderly fashion. The first federal bankruptcy law, which drew on English statutes, was signed in 1800 and redounded to the benefit of at least one delegate: Robert Morris of Pennsylvania, who wound up $3 million in the hole after opening his purse to Washington's army and spent three years locked...
...think he has to realize that flying to New York is self-indulgent. Go down to the corner bar and have a drink, a shot and a beer.' RICK SANTORUM, former Pennsylvania Senator, slamming the Obama Administration for spending an estimated $24,000 to send the President and First Lady to Manhattan for dinner and a Broadway show...
...Long Run. The book, which laid out the records of stocks and bonds going back to 1802 and found stocks winning by a mile for almost every 30-year period over those two centuries, became a must-read for investors. Siegel--a professor of finance at the University of Pennsylvania's Wharton School--became what one journalist described as "the intellectual godfather of the 1990s bull market...
...really, really important to me that anyone we have in custody accused of acts related to the deaths of my husband and others be held accountable for what they have done." - Susan Hirsch, a Pennsylvania college professor whose husband was killed in the bombing of the Tanzanian embassy (ABCNews.com, June...