Word: streets
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Dates: during 2010-2019
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...drop, the next big financial debacle. And for about a year now, the oft-predicted crisis has stubbornly refused to materialize. It's not that everything's fine in the commercial real estate business. Everything's awful and will probably get more awful. But unlike 2008's Wall Street panic, this particular financial unraveling looks as if it will play out over a period of years, not weeks...
China, contending with a huge trade surplus with the U.S., bought more and more Treasury bonds, pushing down yields and making Treasuries less attractive to other foreign investors. As a result, the rising demand for higher yielding U.S. debt opened the door for Wall Street investment bankers to spin out new classes of fixed-income securities, most notably collateralized debt obligations or CDOs. Much of the money raised by those investments was funneled in the mortgage market. That gave lenders the ability to make more loans, allowing more people to buy houses and push up real estate prices. Many...
...asks about the Republican candidate vying for Ted Kennedy's former Senate seat. The ad's answer comes in a quick montage of conservative Republicans, past and present - George W. Bush, Dick Cheney, Rush Limbaugh, Mitch McConnell - followed by a populist pitch. "He'll block tougher oversight of Wall Street, give more tax breaks to the wealthiest," the breathy announcer continues...
...health care and protect the status quo, then let them defend that in an election," he said. "If they want to stand with the banks and the financial industries and protect the status quo, then let them explain that in an election." (See pictures of TIME's Wall Street covers...
...steps are taken to deal with voter concerns about the deficit. The memo also cited polling showing many voters may be sympathetic to populist appeals. When asked to choose from a list what makes them most upset, 40% of respondents chose the phrase "big banks and Wall Street getting handouts while nothing is done for working Americans" as either their first or second choice. By contrast, the phrase "not enough is being done to create jobs" was chosen by only 16% of voters...