Word: understandably
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...belong in jail. But most were too shrewd to cross legal lines; they just danced along them, lingering in the loopholes, playing us for suckers. Now the damage is done, and it's easy enough for them to hide in the complexity of a system few of us understand - a system created by collective irresponsibility. But recklessness is a form of intent, and when the damage is measured in families disfigured by a sudden fear of the future, and parents haunted by the debts we're leaving our kids, it feels personal. (See pictures of the global financial crisis...
...Group: This is a group that no one is happy with. It likely emerged in the eleventh hour from as many as eight different groups. All are wary of each other and just looking for any way out. It’s like getting married after forty. Because you understand the pain of treachery from blocking, you should all be kind during rooming. Yet as the political animal you are (see above), you will still Machiavelli your way your way into a triple with the other two non-Asians. The best house for you is Leverett, a symbol...
...It’s important for the deans—especially for Dean Smith and for President Faust—to get out front on this issue and help to beat the drums for it,” Menand said. “Just so people understand what we’re doing and why it’s innovative...
...newly installed CEO, Edward M. Liddy, told Treasury last week that the AIG traders in question were still needed because only they could minimize the damage they had done. "AIGFP's books also contain a significant number of complex - so-called bespoke - transactions that are difficult to understand and manage," the company announced in a document sent to the Treasury by Liddy. "This is one reason replacing key traders and risk managers would not be practical on a large scale. Personal knowledge of the trades and the unique systems at AIGFP will be critical to an effective unwind of AIGFP...
...consolation, senior managers in the financial-products division will make about 43% less in 2008 than they did a year earlier, according to the company.) As Fed Chairman Ben Bernanke put it, "It makes me angry. I slammed the phone down more than a few times discussing AIG. I understand why the American people are so angry. It's absolutely unfair...