Word: preventable
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...what extent do you think it's possible to prevent financial collapse - as opposed to just dealing with it after it arrives? In 1926, the central bankers in your book were already worrying about many of the things that would eventually lead to the Great Depression. They saw it coming but didn't stop...
...also wonder how much power central bankers ultimately have to prevent massive problems like this. You write about how in 1929, when the Fed cracked down on banks lending to brokers selling stock on margin, money flooded in from other sources...
...Republican, is inclined to allow Coleman the opportunity to exhaust all avenues of appeal. Even if the Democrats tried to swear Franken in - and party leaders like Reid and Charles Schumer have indicated that they would like to - Republicans like John Cornyn have already threatened to filibuster to prevent any such move...
...budget rows and debates about the European Central Bank's monetary policy, when the focus should be on correcting big macroeconomic divergences, like Spain's and Ireland's recent (and ultimately doomed) property bubbles. "The euro zone needs more ability to act in times of real crises, or to prevent them," Pisani-Ferry says. "It is a slow process." But one that has come a long way in 10 years...
Historically, Presidents have suspended the Posse Comitatus Act by invoking the Insurrection Act. President Dwight D. Eisenhower did just that in 1957 when segregationists tried to prevent black students from enrolling and attending public school in Little Rock, Ark. John F. Kennedy also used the act in 1962 and 1963 to send troops to enforce desegregation in Mississippi and Alabama. Similarly, George H.W. Bush sent troops to quell the Los Angeles riots in 1992. Assistant Secretary of Defense McHale notes that the troops being trained for disaster response under the new program would not even be the ones called upon...