Word: thoughts
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...times, the top executives did contend that regulation might have been too loose leading up to the crisis, but they stressed that that was no longer the case. All thought that the government needed the power to resolve large troubled institutions. Brian Moynihan, CEO of Bank of America, said the resolution authority could be based on the way the Federal Deposit Insurance Corp. closes down smaller banks, which involves auctioning off troubled institutions to stronger competitors, often with a government guarantee for risky assets. Also questioned by the panel was Morgan Stanley's chairman, John Mack. (See 25 people...
...Blankfein even seemed to show some support for a consumer financial-product regulator, saying he thought there should be more attention paid to how financial markets interact with the retail market. But when it comes to more restrictions on the way large Wall Street firms like Goldman do business, Blankfein said there were already too many constraints. He said that since his firm began to be regulated by the Federal Reserve and not the Securities and Exchange Commission - a switch that happened when Goldman became a bank-holding company in late 2008 - the oversight of his firm had increased...
...grudge against the West and a deep hatred for the U.S. In fact, until last fall, most Yemenis had never heard of the American-born cleric living in their midst. Those most familiar with him were a small group of Western counterterrorism officials and experts - and even they thought al-Awlaki was of relatively little consequence. (See Muslims encouraging debate, not hate...
...interest to the U.S. government that it tried to kill him. On Dec. 24, the Yemeni military, pressed by the CIA, fired rockets into his home south of Sana'a. Al-Awlaki was not the principal target - the top leadership of al-Qaeda in the Arabian Peninsula (AQAP) was thought to be meeting there - but U.S. officials were hoping the strike would also take out the cleric. He wasn't home...
That sounds reasonable. But even if the U.S. is right in identifying al-Awlaki as a present danger, getting to him won't be easy. Since the missile strike on his house, the preacher is thought to have gone into hiding among his tribe in Shabwa province. The Yemeni government, already burdened with its three civil wars, is unlikely to start a fourth with the al-Awlakis...