Word: steinfuls
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Last January, the same week Obama was inaugurated, Stein received a phone call from former University President Lawrence H. Summers, now head of the National Economic Council, asking if he would come to Washington to help work on the economic recovery plan...
...seminal moment of the financial crisis—the stimulus plan was being drafted just as the stock market headed for record lows. Within a week, Stein had passed his spring teaching duties to Visiting Professor Owen A. Lamont and was on his way south after nine years at Harvard...
Specializing in finance, Stein worked most intensely on the financial stability plan, which he describes as “the effort to deal with the current problems of the banking and what some call the ‘shadow banking’ system...
...There was an awful lot going on,” Stein says. “We were trying to put out the fire and write a new fire code at the same time...
Attending meetings and debating policy points, Stein was part of a team of top financial analysts from the NEC and the Treasury Department, working together to form government policy towards banks and other troubled corporations...