Word: walls
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Dates: during 2000-2009
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...take it all the way up the line: the guy who is barely scraping by decides he's going to get a $400,000 mortgage; the mortgage broker who knows good and well that the mortgage isn't a suitable one but who passed it up the line to Wall Street; the ratings agencies who put AAA ratings on those packages. It was like a contagion that spread all over the world. But it was rooted in greed, at every level, all the way up the line. (See pictures of the global financial crisis...
Microblogging platform Twitter has 32 million users, an increase from about 2 million a year ago, according to research mentioned in the Wall Street Journal. Some Internet measurement services show that figure increasing 50% to 100% month over month. While it is not clear that Twitter will become as large as social networks MySpace and Facebook or video-sharing site YouTube, the company could certainly have 50 million visitors by the end of the year...
...24/7 Wall St. has come up with 10 ways in which Twitter will permanently change American business within the next two to three years, based on an examination of Twitter's model, the way that corporations and small businesses are currently using the service and some of the logical extensions of how companies will use Twitter in the future. Some of these firms are already using Twitter, but their efforts are in the earliest stages of development. 24/7 Wall St. evaluated other sensible and potentially highly profitable ways Twitter's real-time, multiplatform presence is likely to be exploited...
Bear stearns was our warning shot. Back in March 2008, when the 85-year-old investment bank collapsed, we didn't yet know how common it would be for a financial firm to be brought to its knees over a panicked long weekend. The Wall Street Journal's Kate Kelly takes us inside Bear's last, dizzying days: the lawyers swarming the sixth floor, the pleading phone calls to investors for emergency billions, the sickening realization that a lifesaving loan from the Federal Reserve would last two days--not 28. Kelly flicks at Bear Stearns' backstory--how its eat-what...
Until I read Michael Moore's Piece on Bernie Madoff, I believed Moore was so misinformed and off the wall that if he said that gravity makes objects fall, I would stop believing in the laws of physics. I found myself agreeing with his every word. The managers and brokers who facilitated the greed should also be reviled. They all should have followed the example of another "most influential": truth-telling Wall Street analyst Meredith Whitney. Ted Zaydel, WATERFORD, MICH...