Word: populistic
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...turned a profit on the transaction: See, he's big enough to admit mistakes, the commentariat cheered. It would help his rescue team if the bailed-out bankers followed his lead, stepped up, helped out, for we are in a race against chaos and Obama can't afford a populist headwind. But instead they dodge and weave and work the system, and the parade of titans called to account before congressional committees say things like "I am not in a position to comment in any depth on the subprime crisis, particularly because of pending litigation...
...even many of his former hedge-fund backers aren't particularly happy. As Dodd and House Financial Services Committee chairman Barney Frank work to craft legislation overhauling the nation's banking and securities regulations, Dodd's populist ploys give many on Wall Street pause. "The competition for capital and talent is now global. What we saw when the Senate inserted the executive-compensation restrictions was a cause and effect," Tom Quaadman, who works on financial-sector issues at the U.S. Chamber of Commerce, says, pointing to examples of companies like Deutsche Bank and UBS poaching U.S. talent driven away...
...head. But she has long been saying what America needs to hear, crusading against credit-card debt and urging people to save money and pay down their mortgages. Since the onset of the recession, she has made some subtle adjustments to her image, positioning herself more as a populist crisis manager than as a promoter of the American Dream. That hasn't shielded her from criticism for not foreseeing the deepest financial meltdown since the Great Depression, or at least for not making it the core of her message. But if some analysts question the soundness of Orman's advice...
...urging. Financial liberalization and free trade were mantras recited by the E.U. (and others) as the Eastern states readied to join. The policies work. But as Katinka Barysch of the Centre for European Reform in London wrote recently, they have also "left the region exceptionally vulnerable in the downturn." Populist Eastern politicians may now use the crisis, and the perceived lack of Western help, to roll back reforms...
...There are about 75 million homeowners in America, according to the U.S. census. The latest gloomy estimates suggest that upwards of 6.4 million homes are at risk of sinking into foreclosure by the end of 2012. That number has no precedent, and its impact is only beginning to register. Populist pundits have struck a nerve with angry denunciations of Obama's plan. "See if we really want to subsidize the losers' mortgages," CNBC's Rick Santelli demanded - and the gut level reaction of millions of taxpayers across the country was, unquestionably, no. Not if we have a choice. (Read...