Word: presse
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...that the entire B of A board would be dumped if the bank backed out of a deal to buy Merrill Lynch. Passing the blame, Paulson claimed he was merely doing the dirty work of Fed chief Ben Bernanke. Bernanke has tried to distance himself from the event. The press has used the story to paint a picture of Bernanke as a ferociously determined leader. He has instantly earned a new respect in the financial community where he had been considered an egg head and milquetoast. (See pictures of the global financial crisis...
...Saving the banking system was not Lewis's job. Bernanke and Paulson had no right to ask him to abandon what were his very clear duties and press him into service doing something contrary to the obligations of his office. Since there will never be answers to what would have happened if B of A had abandoned Merrill it is useless to speculate about whether Paulson and Bernanke did the right thing. What happened when Lewis was asked to take a role which was not reasonably his is that the ethical obligation of refraining from force to pervert another person...
Impossibly long lashes aren't just for Hollywood closeups and drag queens anymore. Miley Cyrus has really been playing up her lashes. Even First Lady Michelle Obama appears to be embracing the trend, with the British press reporting that she donned false eyelashes in London in April...
...treatment, in which the government takes over more banks and forces the entire banking system to flush bad assets from its books. If you priced all bank assets at current market values, the banking system would be insolvent, the reasoning goes, so make them take the hit and then press restart. Those with actual banking experience, though, tend to be dubious about market pricing and counsel patience. "The banks have a lot of practice at working out troubled assets, and most other parts of the economy don't," says Gary Townsend, a former bank regulator and industry analyst who runs...
...After his divorce, Newsom was forced to publicly admit in 2006 that he had had an affair with his campaign manager's wife. The woman had disclosed the infidelity to her husband, who had also served as Newsom's deputy chief of staff. In a press conference admitting to the affair, Newsom also said he was getting treatment for alcohol abuse...