Word: bail
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...type of device to an airport at this time.” “We’re currently under aviation threat level Orange. The threat is there against aviation,” the Tech quoted him saying. At her arraignment Friday, Margolis asked for $5,000 cash bail. He said that she refused to explain her sweatshirt to the MassPort employee in Terminal C, and showed “a total disregard to understand the context of the situation she’s in, which is an airport post-9/11.” Simpson?...
...crisis." Why the change of heart? "Decisions about the balance between liquidity and moral hazard is a judgment we are making almost daily," he told the committee, referring to the danger that lending to banks in this way only encourages them to take risks knowing the central bank will bail them out. Speculation he was leaned on by the government to inject the cash got short change. "This operation was designed entirely in the Bank," he hit back. "I give you my personal assurance that I would not do anything unless I thought it was the right thing...
...fact that Northern Rock has never really been in serious danger of going bust throughout this crisis scarcely mattered amid the clamor to withdraw funds. "When people hear the words 'emergency' and 'bail out,' then concerns outweigh those statements saying 'the bank's solvent,' " says Nic Clarke, a banking analyst at Charles Stanley in London. "It doesn't really matter if the rationale is right or wrong - they're voting with their feet...
...very success of the Greenspan years at the Fed, though, created a new set of problems. One was that investors and lenders, convinced that inflation and depression were no longer serious threats--and that the chairman would bail them out of any trouble they stumbled into--became heedless of risk. This has added a hard-to-master new responsibility to the job description of Fed chairman: restrainer of financial-market euphoria. But again, it's the product of success...
...jitters among savers? "When people hear the words 'emergency' and 'bail out,' then concerns outweigh statements saying 'the bank's solvent,'" says Nic Clarke, banking analyst at Charles Stanley in London. "When it comes to their life savings, when they've got the choice of seven or eight other banks in the High Street where they can walk next door and deposit funds and consider them safe, the majority will do it. It doesn't really matter if the rationale is right or wrong, they're voting with their feet...