Word: tolde
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...limiting proprietary trading by banks. At the Senate hearing on Thursday, former chairman of Citigroup John Reed said he supported a Volcker-rule-like separation of financial firms. "The industry should be compartmentalized so as to limit the propagation of failures and also to preserve cultural boundaries," Reed told Senators...
...that unlike with other financial crises, proprietary trading played a much bigger role than underwriting in the recent credit crunch that nearly brought down his firm. "It makes sense to me that you don't take deposits as an institution and turn around and run a hedge fund," he told students...
Landaverde said he thought Burch was joking when she told him that she wanted to paint a portrait...
...cocooned in their annual policy caucus in Baltimore - and the ideologues among them laughed. The President was explaining, in the midst of an unprecedented, televised "Question Time" session, that he was open to any good ideas they might have. "It doesn't make sense," he continued, that if they told him, " 'You could do this cheaper and get increased results,' that I wouldn't say, 'Great.' " But the logic of this seemed to slip past the assembled legislators - and the "I am not an ideologue" bite became a derisive staple on Fox News. And therein lies the crisis of democracy...
...attempts to restore his claim to responsibility were undermined somewhat by Brian Sokutu, a spokesman for Zuma's African National Congress Party. He told the Associated Press that Zuma's relationship with Khoza was not necessarily adulterous, as he may have been intending to marry her. "There is something called courtship," he said, before adding, "And during that period, anything can happen...