Word: primed
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...speech in October 2007 at a mortgage securities conference and starting talking about these issues publicly. Why did you stand up and do that? I thought they were going to throw tomatoes at me. We had done some industry roundtables in the spring of 2007 to talk about sub-prime and nontraditional mortgages. Everyone gave us all this happy talk that they were going to modify these loans, and I'm sure they meant it as the time. They said it was in everyone's economic interest to restructure the loans instead of foreclose because the losses on foreclosures...
...were yakking about what Hillary Clinton might say--except one. On C-SPAN? Empty chairs on a silent stage. It was waiting for someone to show up and actually say something. This was the only channel on which a citizen could watch all the convention speeches. Plus, it airs Prime Minister's Questions, my all-time-favorite sitcom. (No offense, Larry David...
...damage had been mounting so swiftly that in the midst of a global stock-market rout that ate 18% of the Dow, Treasury Secretary Hank Paulson was forced to import a plan he once considered practically un-American. Paralleling a program authored by U.K. Prime Minister Gordon Brown, it called for the U.S. government to take partial ownership of nine leading banks and offer to buy pieces of hundreds of others. On Oct. 13, the nine bank bosses, assembled in the Treasury's imposing boardroom, were each handed a piece of paper with the terms: $25 billion of preferred shares...
...righteous, as when he thundered that he was not Bush. (The focus group punished Obama when he mentioned the "failed policies of the past eight years.") But even righteous outrage seemed much too hot this year. In his anger, McCain confirmed a sad truth about his campaign: that the prime source of the negativity was the candidate himself...
...Sarkozy's position became clear as the summer advanced. Even as he wrote Italian authorities in July promising to deliver Petrella once her French administrative appeals had been exhausted, Sarkozy urged clemency in light of the prisoner's perilous health - a suggestion swiftly rebuffed by the Conservative government of Prime Minister Silvio Berlusconi in Rome. Less than a month later, a French appeals court ordered Petrella's release from custody at the request of French justice officials who fear she'd die otherwise - resulting in her police guards halting their surveillance of her hospitalization in the intensive care unit where...