Word: thrifts
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Dates: during 2000-2009
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...Speaks for Thrift? Obama went first, repeating words that have become a sort of mantra for him as he surveys the economy: "It's not the time for fear or panic." Image is a very real part of the presidency, and it seems safe to say now, nearly two years into this campaign, that President Obama would do well should times call for unruffled calm. He wore a gray suit that fit like a mother's caress, nary a wrinkle or bead of sweat visible, and spoke in the same laconic tone you might use to discuss the weather with...
...betting on a stock's fall without first borrowing shares. But that did nothing to quell widespread speculation about which struggling financial institution would be the next to disappear. British bank Lloyds was in talks to buy beleaguered U.K. mortgage lender HBOS. Washington Mutual, the U.S.'s largest thrift, put itself up for auction, and Wells Fargo and Citigroup might be interested, according to reports. Morgan Stanley appeared to be on the table too. There were murmurs the investment bank was holding conversations with Charlotte-based bank Wachovia. Chinese conglomerate Citic Group, owner of China Citic Bank, was also said...
...planned for - federal officials and market participants don't seem to have really focused on AIG's problems until this week. While the company's insurance subsidiaries are regulated by New York insurance superintendent Eric Dinallo, it is overseen at the holding company level by the federal Office of Thrift Supervision, which mostly regulates the savings and loan industry. Plus, it was awfully hard for outsiders - and even insiders - to understand the gravity of the company's problems. "You can read through every financial statement in the world and have absolutely no clue as to the risks they are taking...
...also yet another episode in a now year-old financial crisis that shows no signs of abating. Paulson's announcement briefly rallied stock markets around the world. But jittery investors kept running for the exits at Seattle-based thrift Washington Mutual and the investment bank Lehman Bros.--although Lehman's earnings announcement on Sept. 10 sent the stock up slightly, despite the revelation of a $3.9 billion quarterly loss...
...hype? While Pearl Jam, Nirvana and their colleagues have a real message to deliver, most of this was overlooked during the past two years by trend watchers who were more interested in the way they dressed and the Seattle scene they came from. Style mavens fixed upon the thrift-shop wardrobe of flannel shirts and torn corduroy jackets, dubbing it the grunge look. For a fashion shoot, Vanity Fair dressed Manhattan socialites and celebrities in flannel and denim. All this exploitation made the term grunge deeply unfashionable among American youth, but bands like Pearl Jam have shaken off the label...