Word: pikers
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Dates: during 2000-2009
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...history of the capital markets is the relationship between failed mortgage lenders and investment banks that securitized the risky overpriced loans and sold these packages to other investors-a Ponzi scheme by every definition applied to Madoff." By comparison, she wrote, the fallen fund manager is just "a piker...
...cotton growers are correct in saying they are not alone in the subsidy sweepstakes. According to the Organization for Economic Cooperation and Development, rich nations spend more than $280 billion a year on agricultural "producer support." The U.S. is a piker compared with the European Union, which, when noncash payments and other aid are added in, spends more than three times as much coddling its farmers. World Bank chief economist Nicholas Stern estimates that a European cow receives $2.50 a day in subsidies, while 75% of Africans live on less than...