Word: lincolns
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Dates: during 1990-1999
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...Chairman Richard Breeden announced the formation of a new 25-person SEC unit to combat securities violations at financial institutions. One of the group's goals: to prevent more disasters like the case of Lincoln Savings & Loan, whose chairman, Charles Keating, managed to run up $2.5 billion in losses, driving the California thrift into bankruptcy. With S&Ls foundering almost daily, the gesture seems like an afterthought -- and an undersized one at that...
...Gorbachev is a superb actor," says the Carnegie Endowment's Dimitri Simes. "He rants to effect but is always in control. Like Reagan, he has a real sense of mission, but he is also a master of strategy and tactics, like Richard Nixon. And if you recall that Abraham Lincoln held off before freeing the slaves, and then consider how Gorbachev is astutely waiting for the time to be ripe before downgrading the party's role, you see how remarkable...