Word: bailing
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...mortgages and mortgage securities owned or guaranteed by Fannie Mae and Freddie Mac were bought by foreign central banks, which wanted to own dollar-based securities that carried slightly higher interest rates than boring old U.S. Treasury securities. A big reason the Fed and Treasury felt compelled to bail out Fannie and Freddie was the fear that if they didn't, foreigners wouldn't continue funding our trade and federal-budget deficits...
...since a major storm hit a major Florida city, but hurricane researchers have calculated that the next one could cause as much as $150 billion worth of damage. And Crist's reforms, while reducing premiums, included other changes that increased the risk that taxpayers and policyholders will have to bail out the Cat Fund. "The risk was removed from the insurers' portfolio and is now being supported by the people of Florida," McCarty explained...
...affair with a co-worker and attempts to cover it up. In addition to becoming the first big-city mayor ordered to wear an electronic tether, he has been accused of perjury and assaulting a county investigator in the case; he spent a night in jail for violating bail conditions by crossing the river for a conference in Windsor, Ont.; he posted $7,500 in bail for himself; and he has been forced to take a court-ordered drug test. The mayoral drama has even impacted the presidential race in this key swing state...
...wife Vatsala, who was the organization's president, last week denied all charges, saying MSS had no idea the children were stolen. "I'm not handling the surrender. I don't remember it," says the grandmother, who must report daily to police in Chennai as part of her bail conditions. "I trusted [my staff] because I asked them, If there is anything, please tell me. They are promising on the heads of their children...
...July, three of Thaksin's lawyers were sentenced to six months in jail for attempting to bribe officers at the Constitutional Court. Soon after, Thaksin's wife Pojaman, her secretary and her brother were convicted of tax evasion and sentenced to three years in jail. They were released on bail and are appealing the case...