Word: quickly
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...quick layups from Markley and Tay keep things interesting...
...Gotta give it to the Crimson - the team's not going down easy. A quick 8-0 run brings Harvard within 16. Still a stretch at this point...
...bonus payouts. Many experts wondered why AIG paid 100 cents on the dollar. Among the biggest beneficiaries of the AIG pass-through, at $12.9 billion, was Goldman Sachs, the investment-banking house that has been the single largest supplier of financial talent to the government. Critics have been quick to note - and not favorably - the almost uncanny influence of former Goldman executives. Initial phases of the rescue were orchestrated by ex-Goldman chairman Hank Paulson, who was recruited as Treasury Secretary in part by former White House chief of staff and Goldman senior exec Josh Bolten. Goldman's current boss...
Facing this latest delay, Administration officials are urging patience and insist they are moving more programs on more fronts faster than anyone has tried to do before. "People want a quick, clean, decisive resolution to this stuff, they want us to just fix it and have it be over with," says a senior Administration official. "We are moving in a relatively short period of time on a scale that I don't think you've ever seen an Administration...
Senate Banking Committee chairman Chris Dodd suggested one of the more severe solutions: that the government tax 100% of the bonuses, thereby recouping the losses. It may have been overcompensation, so to speak, on Dodd's part. The National Republican Senatorial Committee was quick to point out that Dodd had amended the stimulus plan to make a specific "exception for contractually obligated bonuses agreed on before Feb. 11, 2009." That exception gives cover to the AIG bonuses - though it should be noted, as Dodd's aides do, that the Senator did not know about the AIG bonuses at the time...