McCarthyism
Character assassination. Joseph McCarthy was a Senator from Wisconsin in the 1950s who gained national attention by his claims that the State Department and other agencies of the U.S. government was full of Communist sympathizers. |
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Underwriter
A party that guarantees the proceeds to the firm from a security sale, thereby in effect taking ownership of the securities. Or, stated differently, a firm, usually an investment bank, that buys an issue of securities from a company and resells it to investors.
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