Word: assets
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...woes, though probably not without some changes. In a report out on Friday, Deutsche Bank analyst Mike Mayo, who has been a long-time bear on Citi, says the company has adequate capital to survive. When you factor in the $25 billion Citi got from the Treasury's Troubled Asset Relief Program, Mayo estimates the bank has as much as $100 billion in cash cushion...
...mission is to have as high an endowment as possible, I certainly understand why we need to tighten our belts as much as we can,” Meng said. “But the best asset about Harvard is not its endowment, but its faculty and students, and I think this might be the best time for us to recruit...
...vote they can possibly get in the Senate. Obama's biggest challenge in both chambers of Congress will be keeping the varying factions of his own party together, especially the more liberal members and the more conservative so-called Blue Dog Democrats. To that end, Lieberman can be an asset, especially in helping to convince his fellow moderate members in the so-called Gang of 14, which includes some Republicans like McCain and Lindsey Graham. "We need every person that we can in Congress working constructively to move forward with the new agenda for our country," says Senator Ben Cardin...
...have passed. "There wasn't much of a debate" among Bush's top economic advisers about using part of the bailout money to help automakers, says a senior Treasury Department official. Of the first $350 billion released by Congress last month under the emergency bill - called the Troubled Asset Relief Program (TARP) - only $60 billion remains. "Everyone felt the same way: the TARP is for the financial industry," says the senior Treasury official...
...Last Wednesday Paulson pulled what some have called the TARP-and-switch. The Treasury Secretary said he was backing away from using a large portion of the $700 billion Troubled Asset Relief Program fund to buy up troubled mortgage bonds. Instead, Paulson said he was more interested in helping the currently stalled market for financing among other things credit card and auto loans...