Word: spent
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...nation's largest banks, Citigroup and Bank of America, have had to tap the relief fund twice, yet neither bank appears any more stable. Indeed, concerns about Bank of America's insolvency have grown, not shrunk, in the past few months. What's more, none of the government money spent so far has done anything to increase lending or lower foreclosures. (See the best business deals...
...awfully dumb: Never, never have a better office than your boss. On Wall Street, kitting out your office with everything from a fireplace to Renaissance art is a sport in itself. My decorator is better than yours, hence I am smarter than you. I have more swag. Thain reportedly spent a million big ones buying chintz and fancy commodes. That number is probably an exaggeration, but if you've been in bankers' offices outside New York City, you know that they are seldom visited by interior decorators. Boring is beautiful in Main Street banking. (See the top 10 bankruptcies...
...infringements of his First Amendment rights, Kenneth A. O’Brien—owner of the used book stand on Mass. Ave between Linden and Holyoke Streets—said he plans to give away his entire inventory by April.O’Brien, who said he has spent most of his life on the streets, recently found a home in Cambridgeport with his partner and pets. But the 55-year-old said slow business has made paying the rent difficult, and now he faces possible eviction from his home.While O’Brien said...
Geithner, despite the rhetoric before the Senate, understands this better than most. He spent much of his career in the 1990s at the Treasury Department working on international issues, with particular emphasis on Asia. He understands how complex the bilateral economic relationship with China is and will probably be inclined to resist pressure to formally cite Beijing as a bad actor on currency. (See pictures of the global financial crisis...
...After law school, clerked for a U.S. Court of Appeals judge who had been appointed by Ronald Reagan, according to the New York Daily News. She was later employed by a private law firm, where she spent time working on behalf of client Philip Morris. Altria, as Philip Morris is now called, donated $17,000 to Gillibrand's 2008 campaign. During the Clinton Administration, Gillibrand worked as a lawyer for the Department of Housing and Urban Development under Andrew Cuomo. She later returned to private practice, working for the law firm Boies, Schiller & Flexner...