Word: warrens
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...Geithner, testifying on Thursday in front of an oversight panel reviewing the government's financial rescue efforts, faced a raft of questions about the effectiveness and the use of those funds. Elizabeth Warren, a Harvard professor and chairperson of the panel, said the average American has seen little or no benefit from the TARP spending. Damon Silvers, associate counsel for the AFL-CIO union, questioned whether TARP had really restored some of its biggest recipients, namely Bank of America, Citigroup and Wells Fargo, to health...
...Warren asked whether the government has plans to rerun the stress tests. With unemployment already at the level the government called "worst case" just a few months ago, Warren said she thought it time to look at bank strength again, assuming even higher levels of unemployment. Geithner replied that the Stress Tests were stringent enough...
...family has already been selling off stakes in some of its other businesses. It divested its Conwood tobacco company for $3.5 billion, sold a 60% stake in its Marmon Group industrial conglomerate to Warren Buffett's Berkshire Hathaway for $4.5 billion and even sold a 13.6% stake in Hyatt to Goldman Sachs and Madrone Capital Partners for $1 billion...
...impediments to finding God. And by "religion," I don't mean "faith." I mean rituals, creeds, traditions, and often leaders - all of our means of trying to connect with God. They can get in the way of developing a relationship with God. (Read a TIME cover story on Rick Warren...
...that other firms would not - for itself and its clients in an edgy market. It has paid back the billions of dollars, and then some, of taxpayer money the government forced it to take last October; raised billions of dollars in capital from private investors, including $5 billion from Warren Buffett; and urged its cadre of well-paid and high-performing executives to show some restraint on the conspicuous-consumption front...