Word: problem
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...told they will not be getting their deposits back. Kamoshida can't get over the feeling of being utterly blindsided. "I had no idea that Lehman Brothers had anything to do with it," he says. "When I heard that Lehman collapsed, I thought that it was somebody else's problem in a faraway place. But in the end I had everything to worry about, didn...
...Public Mistrust Re Michael Grunwald's piece on how Washington failed us: I'm neither Republican nor Democrat, and I am disgusted with both [Oct. 13]. Both presidential candidates want to blame Wall Street, and there is surely some merit to that. But the heart of the problem rests with Freddie Mac and Fannie Mae, two quasi-government corporations. Despite several attempts by legislators to call attention to the impending crisis, lawmakers like Senator Christopher Dodd - the No. 1 recipient of campaign contributions from Fannie and Freddie - preached the soundness of these institutions. This is not a failure...
...High debt levels aren't the only problem with the Macquarie-model funds, according to a tough review by corporate governance service RiskMetrics. It found that the funds also pay too much for assets and charge too much in fees, and that their operations lack transparency. "Our real concern is disclosure," says director Dean Paatsch. "The investment funds are asset vehicles that have outsourced 100% of the assets' management to a third-party company, but the terms ? are not known...
Isaiah Stotler spent seven months of his 18th year in the reservation jail for a variety of offenses tied to his drinking. "I had a major problem with being told what to do," he admits, "but I finally swallowed it." He cut his drinking to an occasional beer, qualified for college by passing a ged test and enrolled. "My record says I'm a drug dealer and gangbanger," he says. "But my transcript says that I'm getting all A's. I proved that people can change...
...Michael Grunwald's piece on how Washington failed us: I'm neither Republican nor Democrat, and I am disgusted with both [Oct. 13]. Both presidential candidates want to blame Wall Street, and there is surely some merit to that. But the heart of the problem rests with Freddie Mac and Fannie Mae, two quasi-government corporations. Despite several attempts by legislators to call attention to the impending crisis, lawmakers like Senator Christopher Dodd--the No. 1 recipient of campaign contributions from Fannie and Freddie--preached the soundness of these institutions. This is not a failure of the free-market system...