Word: protecters
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...approve of the use of torture [Jan. 19]. But when Klein states, "It would be interesting, just for the fun and justice of it, to subject Rumsfeld to four hours in a stress position," it sounds as though Klein, if he had been responsible for gathering information to protect millions of Americans, would have made the same choices Rumsfeld did. Ben Courtney, SELINSGROVE...
...been known to hold large cash positions when there's nothing you want to buy. How much did that help? Throughout the year, cash varied from maybe 5% to almost 30%. It was a way of trying to protect the portfolio on the downside. We were fortunate to get a lot of the moves right. We were in cash at the top. When the market went down, we lost a lot less [the S&P 500 lost 37% in 2008]. I hate times like this, quite frankly. I hate losing money, so I really look at downside risk...
...economists and industry watchers say we need a new direction. Among the ideas being floated are having the government take over the banks that are in the worst shape, creating a "bad" bank that would buy up the mortgage bonds and other assets, or changing accounting rules to protect banks from future loan losses...
...Everyone's betting on Schapiro, the country's new top financial cop, to rally the weakened financial regulatory body, as beaten up as the investors it's suppose to protect. But even before stepping through the SEC's F Street doors she had to take a few knocks herself about how good, and tough, she really is. (See pictures of the demise of Bernard Madoff...
...vigilantism. "This is a situation no one has prepared themselves for. No one would expect that we would have individuals who would go out and covertly terrorize this community," he told TIME on Monday, several hours before a packed city-council meeting that addressed the crisis. "We can protect ourselves by not giving these 'opportunists' an opportunity to do things to us," he said. "For example, we talked about turning your porch light on at night to light up the neighborhoods, removing any kind of unnecessary debris from the outside of the residence, front and back. Just the tiny things...