Word: trusted
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Dates: during 2000-2009
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...important is it to have really great ingredients when you're cooking simple food? This stuff was completely not great ingredients, trust me. The split peas and the barley came from the cupboard and the vegetables are just from this place that's not very good and is a rip-off, but I walk past it on the way home. I'm not too cheap to go to the farmer's market, I'm just too lazy...
...into residential mortgages, including the subprime variety. Result: GMAC has lost $8 billion over the past two years. Cerberus will distribute shares to its investors, thereby reducing its voting stake to 14.9% and its overall equity stake to 33%. GM will transfer some of its shares to a trust, which will sell off the stock over the next three years...
...well, they never had democratic rule - challenges to Conté's civilian government were squashed by ruthless force. Guinea expert Peter Pham, director of the Nelson Institute for International and Public Affairs at James Madison University, told the Associated Press this week that Western leaders should not blindly trust in a constitution which the now-dead president Conté drafted largely to keep himself in power for decades. It was "not the result of any democratic process," he noted. After such a sorry history, even a coup can look good...
...there a credit crunch? Was there ever? Those questions may seem absurd. Throughout the autumn, the interest rate banks charge each other broke one record after another as trust between institutions evaporated, investors stashed so much cash in super-safe Treasuries that yields approached zero, and the private securitization market for mortgages, which keeps capital flowing for more home loans, disappeared. Lehman Brothers collapsed when no one would loan it money, and any number of other firms - AIG, Citigroup, GM - went hat in hand to the U.S. government, lender of last resort. (Read TIME's Top 10 Financial Collapses...
...Silverton, 54, and the many others like her, she'll have to start over. "My entire retirement, my kids' college funds, trust funds, were all invested in this. All I have is my restaurant now. We just can't believe...