Word: streets
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Dates: during 2010-2019
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...Wall Street pay was again in the spotlight in Washington. The House Committee on Financial Services held a hearing on executive compensation. Harvard professor Lucian Bebchuk, who recently consulted pay czar Kenneth Feinberg in setting compensation limits at bailed-out firms, said Congress should regulate and "place limits" on Wall Street pay. Nobel Prize-winning economist Joseph Stiglitz told the panel that bank pay incentivized traders and other employees to take the excessive risks that contributed to the financial crisis. And corporate-governance expert Nell Minow asserted that Wall Street firms had done little to change the pay practices that...
...pictures of Wall Street's paper trail...
...starting value of the CDS contracts when the bonds had fallen significantly in price. Other mortgage-bond insurers at the time were able to strike deals to tear up similar contracts and pay reduced prices. Some called the AIG payments, funded by the government, a backdoor bailout of Wall Street, in particular Goldman Sachs. Also at issue were the moves the Federal Reserve made to cover up the fact that AIG had paid out the contracts at par, which was the contract's full original amount. "Why shouldn't we ask for your resignation as Secretary of Treasury?" said John...
...very clear that the New York Fed was preoccupied with looking out for the interests of Wall Street at the expense of Main Street," says California Congressman Darrell Issa, a Republican, who questioned Geithner and others on Wednesday. "Given the circumstances and the fact that they were dealing with taxpayer dollars, the Fed had an obligation to try and secure the best deal possible for the taxpayers and instead brokered a deal that helped the rich get richer and then tried to cover...
...Hundreds of troops were, indeed, on the street outside the hotel, and the media were prevented from filming or taking pictures of them. But there were no restrictions on entering the hotel, where Fonseka held a prime-time press conference, claiming that his life was under threat from the government. "There is no democracy, this government is behaving like murderers," Fonseka said. Asked whether he was planning to leave the country, he said, "I have no intention of leaving the country, but if my security is under threat, I would have go to out temporarily." (See a TIME video...