Word: accountants
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...billion balance sheet and is a big player in the domestic securities market. As the governments stepped in, the message they sent to the public was supposed to be reassuring: Don't panic - your money is safe. Most European nations have some sort of deposit insurance that would reimburse account holders, at least up to a point, in the event of a default - although by their rescue actions the authorities sought to make it clear that it wouldn't come to that...
...after the U.K. Treasury announced the nationalization of Bradford & Bingley and the sale of its branches to Spain's Banco Santander, Kusum Patel, a 50-year-old chef from Ilford, a gritty commuter suburb 9 miles (14.5 km) northeast of central London, withdrew all her savings and closed her account, as did several other customers. "They say it's going down. I've been hearing it on the radio," Patel fretted. "I haven't got a great amount of money, but the little bit I have is enough to make it scary...
...historical accuracy of his own World War II movie, Miracle at St. Anna, and this time he is up against real-life fighters who may be even tougher than Dirty Harry. Surviving members of Italy's underground anti-Nazi resistance movement are angry over the film, a fictionalized account of the travails of the 92nd Infantry Division - the black GIs known as Buffalo Soldiers - as they helped liberate Italy. The film includes a portrayal of the Nazis' infamous 1944 slaughter of some 560 Italian civilians in the Tuscan town of Sant'Anna di Stazzema...
...guarantee against investment losses from stocks or bonds - and has put only a temporary guarantee on losses from money-market funds - it does guarantee that your deposits or securities will be returned to you should an institution fail. The limit is $500,000 in brokerages for each unique account per institution, $250,000 on deposits in retirement accounts and $100,000 on deposits per person per bank, although there's a movement afoot in Congress to raise that limit to $250,000. With something like a revocable trust or POD (payable on death) account, you are guaranteed...
...whom (like Paul Krugman) actually know a lot about the subject. But again, when the most specific predictions about the bailout bill - that it's unnecessary, or that its failure would be a disaster - come from partisans, it's impossible for an audience not to take their motivations into account...