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Many of the wealthiest institutions responded by expanding financial aid last year, with dozens of them replacing loans with grants.
And last April the Bill and Melinda Gates Foundation announced that it would devote an undisclosed amount of money to expanding financial services for the poor in developing countries.
Like many centrist Democrats, she prefers to talk about expanding opportunity while proposing individual measures with a redistributive aspect, such as providing child care for working mothers and expanding financial aid for students from modest backgrounds.
State governments from New York to Oregon are pulling back from their plans to borrow directly against future payments of tobacco settlements and are scrambling to find other ways to use the payments to ease their expanding financial problems.
Others have moved to different, higher-paying fields — from academia to Wall Street, for example — and a growing number of entrepreneurs have seen windfalls tied largely to expanding financial markets, which draw on capital from around the world.
More broadly, her tale illuminates how, over three decades, spending on the white-collar police — securities, banking and tax investigators — has not kept pace with the rapidly expanding financial sector, leaving a cost borne by all investors.
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The deal is seen as further evidence that the effort to encourage consolidation among the country's banks is working.Citigroup broadened its presence in Turkey's expanding financial-services industry by agreeing to buy a 20% stake in Akbank for $3.1 billion.
African-Americans account for a disproportionate share of subprime loans, and tougher lending rules and tighter credit threaten to erode many of the gains made in recent years by black households.The NAACP is suing 14 mortgage companies for discriminatory practices but it will need to do more, from expanding financial-literacy programmes to helping its constituents recover from financial crisis.
Several elite universities have expanded financial aid for poor children.
The Republic of Cyprus began to expand financial services, including offshore banking, in 1982.
Yale tersely said in response only that it was planning an announcement next month on expanded financial aid.
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