Word: short
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Dates: during 2000-2009
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...through the summer. Anyone with any federal pleaders as clients, they were suggesting, will be fair game. The Culvahouse gambit is similar to the foolish campaign promise Bill Clinton made in 1992 when he vowed to reduce White House staff by 25 percent; once elected, he found himself short-staffed on almost every front and many avoidable mistakes followed...
...things," says Begg, who recalls fellow inmates fashioning tiny sculptures of spiders and scorpions out of toilet paper doused in cold tea. All were taken and thown away, says Begg, as potential security risks. Guantanamo's poets, not allowed pen or paper in their first years of detention, wrote short poems on Styrofoam cups from meals, which they passed from cell to cell...
...could hear similar critiques every day from finance professors, regulators and even some Wall Street executives. Yet there turned out to be a crucial difference: Einhorn was actually doing something about it, betting that the gig would soon be up at Bear and Lehman by selling their shares short...
...book, Fooling Some of the People All of the Time. But they "really don't know what to do about fraud when they discover it in progress." Einhorn's Greenlight Capital manages $6 billion, most of it invested in stocks that Einhorn actually likes. But Greenlight also makes money short-selling the stocks he doesn't like. Six years ago, Einhorn stood up at a charity event and recommended shorting Allied Capital, a finance company that he was convinced was understating its loan losses. The company vehemently disagreed, igniting a long war that is the main subject of his book...
...according to an internal U.S. Air Force report, the sites are falling short of Department of Defense requirements, with fencing and security systems in need of repair, thin rotations that often lead to staffing shortages, and responsibilities falling to inadequately trained foreign security personnel...