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...details of the government's role in keeping the lights on at what was once the nation's largest bank will again be on display on Thursday. For the first time, Citi's CEO will testify before the Congressional Oversight Panel (COP), set up by Congress to monitor the government's bailout of the financial system. Elizabeth Warren, a Harvard professor and longtime critic of the banking industry, heads the COP. Also testifying before the panel will be Herb Allison, who runs the Treasury Department's Troubled Asset Relief Program (TARP), the main vehicle the government has used to assist...
Under the Emergency Economic Stabilization Act (EESA), which was passed by Congress in October 2008 and which set up the $700 billion bank-bailout fund, the Treasury Department has the ability to officially deem which firms are receiving exceptional assistance from the government. At issue is executive pay. EESA requires the Treasury Department to monitor executive pay at all the firms receiving government assistance. Last summer the Treasury said firms that are deemed to be receiving exceptional aid from the government would be subject to a pay czar. The office, later filled by high-profile lawyer Kenneth Feinberg...
Crowley says that the film “captures 100 percent of the spirit and dynamic of our family” and describes the experience of being on set and seeing details from their own lives—the clothes they wore, the van they had—come alive on screen as “very surreal...
...young exec at a movie studio and he came back to Harvard with a few people involved with “Airplane.” They wanted to test it with a smart audience to help them time the jokes for the movie. I helped them set up a screening in Science Center B and I said to them, “How do I get into the business?” They said, facetiously, “make a movie.” I didn’t get that they were being facetious...
Considered the underdog by some, the Crimson is looking to learn from its previous mistakes and set the pace of game play early on in the series...