Word: bailouts
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...suffering from a record number of loan defaults, particularly in the mortgage business. Industry experts say the widely used credit scores, the most famous of which is called the FICO, have not proved as effective in ferreting out bad borrowers as many lenders had anticipated. (Read TIME's "Bailout Report Card...
Flynt, Larry •government bailout of porn industry is proposed...
...stabilizers as unemployment insurance. Passing laws in Congress to cut taxes or boost spending to stave off a downturn was seen as pointless at best. Such help would arrive too late or in the wrong place, the thinking went, or would have no impact at all. (See TIME's "Bailout Report Card...
...producers of actual toxic waste. Under the Superfund law enacted that year, polluters pay for the messes they make. Environmental lawyer E. Michael Thomas sees no reason lawmakers couldn't demand the same of financial polluters and force them to ante up some of the bank-bailout money. "This is a directly parallel policy judgment," he says. "It's beautiful in its simplicity, and it's also beautiful in its justice...
...deeply into debt," she warned in a speech on the House floor on Jan. 29, 2008. But now, as Congress gears up to craft a mammoth stimulus package that will dwarf last year's $170 billion bill, those requirements don't seem to be all that binding. (See a bailout report card...