Word: powerless
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...further infusion of taxpayer money into AIG, a firm now 80% controlled by the Federal Government, was appropriate and necessary. And now Obama was faced with the fact that his new executive-compensation policy, which applied to only a narrow subset of executives at a few institutions, was powerless to stop the worst violators at AIG from getting their undeserved payday. (See the worst business deals...
...like Obama, Bernanke and the rest of the political élite who lined up Monday to share their outrage are rather powerless to act. If AIG failed, almost all experts agree, the damage to the entire financial system would be horrific. So the leadership has little to do but posture. "Unconscionable," said House Speaker Nancy Pelosi. "Outrageous," said her Republican counterpart, John Boehner. Senator Chris Dodd, chair of the banking committee that failed to regulate AIG, called on the executives to "voluntarily" forgo their bonuses. The best the government looks able to do is insist on some tough...
Local attorney Heather M. Hoffman accused the council of conceding to industry pressure, rendering comprehensive zoning plans powerless...
...baseball, even the best of teams can be rendered powerless by an ace pitcher who has his best stuff on a particular day. The same is true of hockey and goalies...
...POWERLESS PLAY...