Word: assets
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...Qaeda? A U.S. official told TIME that Tenet meant just that; the CIA does have a spy inside al-Qaeda--the first time the agency has ever acknowledged this. "We have our own unilateral sources," the official says. Al-Qaeda operates in dozens of countries, though, and having an asset in, say, the Philippines is a long way from knowing what bin Laden plans next...
...company's fat days, Fastow earned a reputation as a money wizard who constructed the complex financial vehicles that Enron drove on the road to explosive growth. Skilling wanted an "asset-light" company that could rapidly exploit deregulating markets for energy, water, broadband capacity and anything else that could be traded. So beginning in 1993, Fastow created hundreds of "special-purpose entities" designed to transfer Enron's debt to an outside company and get it off the books--without giving up control of the assets that stood behind the debt...
...confidence motion against Agriculture Minister Tsutomu Takebe. But the victory was small compared to the mounting challenges for Prime Minister Junichiro Koizumi. The stock market is at 1983 levels, the banking sector may need a bail-out, and, worst of all, Koizumi's popularity, long his biggest asset, is waning: new polls show support for his Cabinet at an all-time...
...company's fat days, Fastow earned a reputation as a money wizard who constructed the complex financial vehicles that Enron drove on the road to explosive growth. Skilling wanted an "asset-light" company that could rapidly exploit deregulating markets for energy, water, broadband capacity and anything else that could be traded. So beginning in 1993, Fastow created hundreds of "special-purpose entities" designed to transfer Enron's debt to an outside company and get it off the books--without giving up control of the assets that stood behind the debt...
...That may be why Skilling hired him in 1990 from Continental Illinois, a Chicago thrift that failed in the mid-'80s savings-and-loan bust. Fastow had a skill Skilling needed; he did asset "securitization," a means for banks to sell off risk in the form of securities backed by mortgages or other obligations...