Word: rashly
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Dates: during 2000-2009
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...Fears of a serious economic decline or even recession in the U.S. and world-wide explain the deep losses markets experienced last week after initially reacting with euphoria to the rash of government efforts to prevent finance and banking systems from imploding. As the week closed out, the global outlook was simply confused, as European indices generally finished higher, the Dow slumped 1.4%, and Asia's national markets featured both gains and losses...
...secret is exposed. The American economy is facing a crisis unprecedented in modern times only by the Great Depression. Secretary Paulson is demanding our trust along with a $700 billion check—we should give him neither. It is illogical and rash to grant Paulson $700 billion when he was unable to prevent the crisis in the first place, or even to sense it was coming. As a guardian of the American economy in one of the highest offices in the nation, he has failed at his post. Some might argue that the economic factors leading to this crisis...
...rash of suicide bombings that swept across Iraq - often dozens or more a day: "The craziest thing about the suicide bombings were the heads - how the head of the bomber often remained intact after the explosion. It was the result of some weird law that only a physicist could explain: the force of the blast would detach the bomber's head and throw it up and away, too fast for the blast to destroy it. So there it would be, the head, sitting on a pile of bricks or underneath a telephone pole...
...back to be beginning, to being a do-nothing. At this point, there is a greater risk from mass redemptions - like a run on the bank - than there is from a rash of money funds declaring that their assets have gone bad. Money market funds are designed to be low risk, and by law are allowed to invest only in government bonds, certificates of deposit, short-term IOUs issued by companies, and other highly liquid securities - though, unlike the similarly named "money market deposit accounts" found at many banks, they're not FDIC-insured...
...direct cost to taxpayers. Then there are the $4.5 trillion in bank deposits insured by the FDIC. The first big bank bust of the current crisis, that of mortgage specialist IndyMac, cost an estimated $8.9 billion, leaving the FDIC with just $45 billion on hand to cover a likely rash of failures. But while the agency may hit up taxpayers for a loan, this would eventually be paid back with interest by surviving banks. "It becomes an issue only if the banking industry can't pay the bill," says Ely. If things get that bad, duck...