Word: badness
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...real concern is that what happens at the auto company sets a precedent for the next bailout of a large American non-financial company. The government has been able to stay away from completely restructuring banks by providing them with enough capital to work their way through piles of bad assets and tight credit. The process is not over. Major US banks may need tens of billions of dollars more in government assistance when the results of the "stress tests" of bank viability are finalized later this month. The Treasury may tell Bank of America (BAC) that it needs...
...would help Goldman do so. But Goldman's huge trading profits, at a time when it and other banks are pulling back lending, raises new concerns about whether Goldman and other financial firms are improperly profiting from taxpayer assistance. (Read "Is the Economy Starting to Recover? Or Just Less Bad...
...Hendler says Goldman computes its VAR by looking at what the firm could lose in relatively normal market conditions. Factor in today's wild market swings and Hendler figures that based on Goldman's recent exposure, the firm could lose as much as $340 million on a really bad...
...losing 21 House seats, eight Senate seats and the White House in November weren't bad enough, the GOP hasn't exactly thrived in its first few months as the party of opposition...
...exactly stir up a crowd - and it has a long way to go before it's in striking position to win back majorities in Congress. Judging by the Democrats' most recent model, the GOP is five months into a 12-year sentence. On the other hand, that's not bad compared with another historical parallel: the 40 years the party spent in the cold thanks to F.D.R...