Word: assets
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...down the supply chain. Shortly before Christmas, the Federal Reserve Board quietly provided $200 million of support aimed specifically at auto dealers, who have had a difficult time financing their inventories - forcing some of them out of business. The support is being administered through the Fed's Term Asset Backed Securities Loan Facility or TALF, which was created this past autumn to encourage banks to start lending again. To further help the dealers, the Fed eased the eligibility requirements so that inventory financing (and there's plenty of inventory to finance) now qualifies as an "asset" that can be packaged...
...Worker, Retiree and Employer Recovery Act signed by President Bush last month will help a bit by giving pension-plan sponsors more time to get a grip on asset losses. Even so, 2009 will present a costly pension-plan repair bill...
...facile in the way he makes them all relevant,” Shannon said. “He is an asset for a distinguished publication...
Madoff was supposed to come clean with his list of assets last week - it certainly should add up to more than $850 million - but so far there has been nary a public peep of the list. When, during the hearing, Representative Gary Ackerman, a New York Democrat, asked David Kotz, the Securities and Exchange Commission's inspector general, what Madoff's assets were, Kotz answered meekly, "We don't have that information." Ackerman finally badgered Kotz to agree to supply the total asset list publicly within a week. We'll see. (See the top 10 scandals...
Harvard Law School, which did not overlap. In recent years, Tribe has generously praised Kagan and emerged as a close adviser to Obama.According to Reagan administration solicitor general and noted conservative Charles Fried, Kagan’s lack of experience advocating before the justices may even be an asset. Calling her a “fresh face,” Fried said that some of the justices might “appreciate” the presence of a relative newcomer.Media reports mentioned Kathleen M. Sullivan, dean of Stanford Law School from 1999 to 2004, as one of Kagan?...