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...gave a speech in October 2007 at a mortgage securities conference and starting talking about these issues publicly. Why did you stand up and do that? I thought they were going to throw tomatoes at me. We had done some industry roundtables in the spring of 2007 to talk about sub-prime and nontraditional mortgages. Everyone gave us all this happy talk that they were going to modify these loans, and I'm sure they meant it as the time. They said it was in everyone's economic interest to restructure the loans instead of foreclose because the losses...

Author: /time Magazine | Title: Q&A: The FDIC's Boss on Banks, Loans and Credit | 10/17/2008 | See Source »

...Bernanke, Bush Time of speech 12:30 p.m. 2:35 p.m. Close...

Author: /time Magazine | Title: The World | 10/16/2008 | See Source »

...McCain's benighted handlers had been stuck too deep in the Rovian mud to pick up on that. But in the days just before the debate, McCain returned to the acceptable boundaries of presidential politics with a punchy new stump speech that was plenty critical of Obama but critical on matters of substance, not inference. Obama would raise taxes. He would spend too much. He would "concede defeat in Iraq." And then, in a perfect valedictory to his career, McCain said, "I'm an American. And I choose to fight." It is impossible to say what McCain's fate would...

Author: /time Magazine | Title: Round Three | 10/16/2008 | See Source »

...They think that their economic security is hanging by a thread, and they’re not sure what the new global system is going to be like for them. Our challenge is to make the system work for all these people.” Summers closed his speech noting that capitalism had successfully faced down similar challenges in the past. “In the 20th century, we saw a Republican Roosevelt and a Democratic Roosevelt preside over periods when capitalism was saved from itself,” Summers said. “This is our challenge today...

Author: By Prateek Kumar, CRIMSON STAFF WRITER | Title: HBS Summit Talks Economy | 10/15/2008 | See Source »

...York City's teachers union. The United Federation of Teachers has sought a temporary restraining order against a district policy that bars teachers from wearing campaign buttons in the city's public schools. The prohibition, union officials argue, is a violation of teachers' First Amendment rights to free speech and political expression. "It doesn't matter whether you support Obama or Republican Senator John McCain," UFT president Randi Weingarten said at a press conference. "As voters, we all should have the right to express our views...

Author: /time Magazine | Title: Classroom Politics: Should Teachers Endorse a Candidate? | 10/15/2008 | See Source »

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