Word: wessels
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Dates: during 2000-2009
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...Lehman Brothers, AIG and WaMu, before Bernanke called upon decades of historical study to start dispensing money to banks and then quasi-banks and then companies that weren't banks at all. In his insider account In Fed We Trust: Ben Bernanke's War on the Great Panic, David Wessel details how Bernanke essentially turned himself into a fourth branch of government, exploiting a loophole in a 1932 law that gave the Fed wide latitude in "unusual and exigent circumstances" to become a virtual economic commander in chief, dropping several trillion dollars into the nation's credit jet stream without...
...will commit the party to the grand coalition more than before," says Gerd Langguth, a political scientist at Rhenish Friedrich Wilhelm University in Bonn. Stoiber's exit, meanwhile, removes a powerful potential rival from Merkel's Cabinet. So predictions of the grand coalition's demise are premature, says Bernhard Wessel, a political scientist at Berlin's Free University. He calls Müntefering's departure a "beneficial shock" that will resolve tensions between the party's old guard and its younger, more radical members. "The chances for a successful coalition have increased," he says. As for Merkel, she "will face...
...Summers sailed through his years as Treasury secretary, retaining his bold hand while avoiding any major conflicts with foreign leaders or domestic policy makers. According to Wessel, the most impressive thing about Summers at the Treasury was “how hard he worked at courting the press and trying to undo this image of being Washington’s smartest klutz...
...combat the precedent, Wessel says Summers even started writing thank-you notes at the Treasury, praising staff for doing a good job and complimenting reporters for publishing fair, if not always favorable, stories...
...aware of his tendencies to slight people, and he was trying really hard to compensate for them,” Wessel says...