Word: stocked
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Dates: during 2000-2009
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...forget, too, that a fair number of Wall Streeters got wiped out because their wealth was tied to their firm's stock price. Dick Fuld, the former CEO of Lehman, had shares and options worth about $1 billion at their peak. He got less than $1 million when he sold them after the firm went bankrupt. (He still took home, before taxes, $490 million from his stock-based compensation, so don't cry for him.) James Cayne, CEO of the defunct Bear Stearns, was in a similar situation. If Fuld and Cayne had known their firms were as badly...
...country weren't bailed out. Had the world economy melted down and more giant institutions failed, even strong firms like Goldman would have gone under. In July, Goldman acknowledged this, more or less, when it graciously - yes, graciously - paid a full price of $1.1 billion to redeem stock-purchase warrants it gave the government for lending it $10 billion of TARP money. (See pictures of the stock market crash...
...pictures of the stock market crash...
...your faith in the Fed or Uncle Sam. During the 1982-2000 stock-market boom and the long economic expansion, people foolishly began to think that government officials like former Fed Chairman Alan Greenspan (formerly the "Maestro" and the man who helped save the world, now Alan Who?) - were looking after their interests. They weren't. Greenspan's job was to protect the world financial system and the economy, not you. Ben Bernanke's job is the same as Greenspan...
...enough to merit national pride often connotes a thick tome of realism—one that attempts to cram between its two covers either all the dramas of family life or an entire sordid cityscape.In practice, this drive toward realism prompts writers to turn to a set of stock cultural representations closely linked to historical portrayal by the west. And the issue hasn’t just got tweed-suited postcolonial theorists gnawing at their pencils. In the fifth installment of his Charles Eliot Norton lectures this Monday, Nobel Prize-winning novelist Orhan Pamuk waxed troubled before a packed audience...