Word: baile
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Dates: during 2000-2009
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...Sitting on the government's side of the table in the talks with Bank of America are officials from Treasury, the Fed, and the FDIC. The deposit insurance agency does not have to capital to bail out a lot of big banks. It has to worry about work-outs for smaller ones that are failing. The Fed is willing to lend big banks money for a short term. It is not likely to get into the business of trading cash for equity...
...accept my profound apologies for the terrible inconvenience that I have caused over the past weeks.' BERNIE MADOFF, the Wall Street broker accused of operating a $50 billion Ponzi scheme, in a letter to his neighbors published a day before a federal judge allowed him to remain free on bail...
...other side of the aisle, many Republicans who voted for the first tranche of the TARP were leery about this second vote, because at least $23.4 billion of the initial outlay has been used, over their objections, to bail out the auto industry. Summers, in a separate letter earlier this week, pledged that any additional funds for the automakers would not come from the TARP monies. "There are some folks [on] our side who are open to being against this resolution, and if they can negotiate some language that would be acceptable, I think you can get some votes," said...
Litt won't have to seek out publicity anytime soon. The prosecution has already taken heat publicly for not initially asking for Madoff to be put behind bars, instead of agreeing to bail...
What's more, Litt faced a setback this week when the judge refused to revoke Madoff's bail, after Litt revealed Madoff had sent more than a million dollars worth of jewelry to relatives in December. Some observers speculate prosecutors were using the threat of immediate jail time to pressure Madoff to give details on others who may have been involved in the fraud. On Wednesday afternoon, Litt returns to court again to argue that Madoff needs to be put behind bars...