Word: trillion
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Lederer's book is packed with fascinating trivia--did you know that "it would take ten trillion years...to utter all the possible English sentences that use exactly twenty words"? There are entertaining jokes, puns and quotations, too. Like "Reading is to the mind what exercise is to the body."--courtesy Richard Steele...
...savings and loan debacle, blasted the Securities and Exchange Commission, the Treasury and the Federal Reserve for failing to detect Salomon's fraudulent bids fast enough. Congressional leaders accused regulators of being too cozy with Wall Street firms and warned that Congress would move quickly to overhaul the $2.2 trillion government-securities market to prevent similar abuses in the future...
...government also acquiesced in the debt binge of the '80s, when companies borrowed more than $1.5 trillion to finance takeover wars and build skyscrapers, luxury condominiums and vast malls that now stand largely empty. "The 1980s will go down in history as a time when financial capital overwhelmed human capital," says Robert Reich, professor of public policy at Harvard's Kennedy School of Government. "Business debt will continue to be the most troubling constraint on corporate America, and the workers are going to pay the price...
...decades, the government securities market has been considered the world's safest haven for investors. Unlike stocks and bonds, both of which were plagued by a series of insider-trading cases during the 1980s, the $2.2 trillion market for Treasury instruments was thought to be too big to rig. The Salomon scandal shook that conventional wisdom and aroused suspicion that other firms might be playing similar games. Consequently, an intimidating array of investigations by the Federal Reserve Bank, the Justice Department, the Securities and Exchange Commission -- where enforcement director William McLucas is personally heading the inquiry -- and the New York...
...Washington lawmakers called for tighter regulation of the $2.2 trillion government securities market. Declared Congressman Edward Markey, a Massachusetts Democrat who chairs a subcommittee that oversees Treasury bond trading: "The issue is the integrity of the most important financial marketplace in the world." Markey blamed lax regulation for permitting Salomon to display "a cavalier disregard for the rules." Democratic Senator Christopher Dodd of Connecticut demanded that Treasury Secretary Nicholas Brady conduct a "full review" of the department's auction rules. With a $300 billion federal budget deficit to finance, Washington cannot afford to scare any bond buyers away...