Word: arguments
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Dates: during 2000-2009
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...reason that releasing the figure is without purpose is that none of the banks are mentioned by name. The FDIC's argument is that if the public knew which institutions were in trouble, customers would withdraw money so quickly that the firms would be out of business in a day. That would put a large burden on the FDIC because it insures the deposits at each of those banks, which have combined assets of $159 billion. (See pictures of the Top 10 scared traders...
...enough evidence to prove that the book is intended as one. It does not seem supportable to claim that the author aims to amuse and flatter his readers in this way, especially after patronizing them earlier with his lengthy discussion of obscenities. In any case, the quality of his argument isn’t strong enough to merit being called “mindfuck.” Sincerity, however, could not salvage the book. Despite its interesting particularities, the greatest weaknesses of “Mindfucking” lie in its lack of depth: McGinn is certainly not the first...
...valuation of a mortgage bond like Jupiter is a white-hot argument. Most Wall Streeters agree that a large number of such bonds--amounting to hundreds of billions of dollars, perhaps trillions--are worth far less than their stated, or par, value. How much less is central to resolving the financial crisis. In early February, Treasury Secretary Timothy Geithner said he wanted to start a public-private partnership to buy up toxic assets. Banks hold tens of billions of dollars in mortgage bonds, and as the bonds fell in value or were wiped out completely, they erased precious capital...
...Administration has already said it will buy shares in banks that need more help, and is negotiating a deal that would give it a big minority stake in Citigroup. But it has so far dismissed suggestions that it should take full control of Citi and other big banks. The argument for a takeover is that it makes executives answerable to taxpayers rather than shareholders. The argument against it is that execs solely answerable to taxpayers won't take the entrepreneurial risks needed to return their banks to health...
...main argument against granting D.C. a congressional vote is a simple one: it's not a state. Article I, Section 2 of the Constitution says Representatives are to be chosen "by the people of the several states." "The Constitution of the United States could not be clearer," Arizona Senator Jon Kyl recently said on the Senate floor. And while his opposition may have as much to do with politics as law - Republicans are skittish about a slippery slope that would lead to U.S. Senators from D.C., a Democratic stronghold - the definition of a state is surprisingly hard to pin down...