Word: understood
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...Root of the Problems Warren Buffett, the nation's most successful investor, back in 2003 called these derivatives - which it turned out almost no one understood - "weapons of financial mass destruction." But what did he know? He was a 70-something alarmist fuddy-duddy who had cried wolf for years. No reason to worry about wolves until you hear them howling at your door, right...
...Somehow, I would have hoped that the Director of the University Library, and brother of a Pulitzer Prize winning journalist, might have understood the value that both—historians and journalists—can bring to a free society, and to the fellowship of educated men and women to which I was welcomed more than 42 years...
...savings and loan collapse and a banking-industry near-miss there was a flurry of activity aimed at keeping banks healthy, not by shoving them back into their New Deal box but by reasserting their central role in the financial system. Glass-Steagall repeal can best be understood as part of this effort. So was 1994 legislation allowing interstate branching. This was a bipartisan movement: The Gramm-Leach-Bliley legislation passed the Senate 90-8 (Joe Biden was for it; John McCain didn't vote, but had supported the bill in an earlier roll call...
...convince the average Harvard students that the problem sets can wait, that this is the only presidential election in their four years here, and that our future will be directly and significantly impacted by who ends up in the White House,” Zafran said. The attendees understood the need for youth engagement. “If we’re going to make a difference, then every single person needs to get involved,” Abigail B. Lind ’12 said. But it was Vilsack who issued the most urgent call for action...
...heat of a campaign, Schmidt understood that outrage could cut through the news clutter like a buzz saw. It didn't matter much if the outrage was fueled by fact - better if it was fueled by emotion, which would tweak the fury of his base, leading to exciting exchanges on cable television and fresh chatter around the watercooler. Unlike health care or foreign policy, the emotional charge of outrage has a magnetic effect; voters are forced to take sides and respond, shifting the debate...