Word: tim
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...sectors that got us into this mess. Each of them blocked attempts at tighter controls over Freddie Mac and Fannie Mae. Even more outrageous was Dodd's acceptance of a VIP loan from Countrywide. These two characters ought to be No. 1 and No. 2 in the lineup. Tim Grosscup, VILLA PARK...
...standard banks are judged by. In a panic, markets for certain assets simply stop functioning, and relying on the market to determine the health of banks means succumbing to panic. Then again, relying on bank execs to price their assets is no good either. Treasury Secretary Tim Geithner hopes to get around this by jump-starting a market for troubled mortgage securities, but he hasn't outlined how he's going to do that. So for the moment, we're stuck with more judgment calls. And guesses...
...financial panic, markets for certain assets simply stop functioning, and relying on market prices to determine the health of banks would simply mean succumbing to the panic. Then again, relying on bank executives to accurately price their own assets is no good either. Treasury Secretary Tim Geithner hopes to get around this by jump-starting a market for troubled mortgage securities, but he hasn't decided yet how exactly to do that. For the moment, determining the health of banks remains a government judgment call...
...cutting. However, it is important that Obama’s message to the American people is an unwavering pledge to end the economic plunge at all costs. Instead, this announcement sends mixed signals. Obama recently signed a $787 billion stimulus package, the American Reinvestment and Recovery Act, into law. Tim Geithner just set out the skeleton for a plan to rescue the banking system that could cost up to $2.5 trillion. Obama is also holding fast to his campaign promises to reform health care and education. He has also highlighted Social Security as “the single most pressing...
...crowd of scantily clad women enthusiastically exited a tiny bathroom; one of them approached a man behind the counter, who pulled out a letter from inside his shirt and gave it to the smiling female. Suspecting that “Pizza” actually stood for something else, Tim and I hastily reconsidered ordering “hero” sandwiches.After surviving the night in Ithaca, we piled back in the car and plotted a course for Columbia University. New York City on Valentine’s Day proved to be slightly more appealing than the frigid slopes of Cornell...