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...federal government really does not want to build a "bad bank" to take toxic assets from America's largest financial institutions. It has taken a number of measures to avoid...

Author: /time Magazine | Title: Building A $1 Trillion "Bad Bank" | 1/17/2009 | See Source »

...Citi will have access to loans from the Federal Reserve in addition to the loss sharing program. This federal support is based on extremely complex rules, but the net of it is that the bank will have access to the cash it needs to keep from failing...

Author: /time Magazine | Title: Citigroup: Rebuilt Against Its Will | 1/16/2009 | See Source »

...course, just one small piece of the broader, potentially trillion-dollar stimulus plan, but it's one that Oberstar swears has the best shot of fixing the economy. "We are facing a worldwide economic, financial meltdown," he says. "And these measures taken so far by Treasury to stabilize the bank system itself, free up credit, are either not working or working so slowly that there is no trust in the credit system. And you need something much bigger. You need to put people to work...

Author: /time Magazine | Title: Congress's Point Man on Infrastructure Spending | 1/16/2009 | See Source »

...authority in Gaza. This option would allow Israel to avoid accepting any new restraints on its actions in Gaza. It would also bypass the need to deploy international forces, a move that would complicate any future offensive. Israel ended its 2002 offensive against militants in Jenin and other West Bank cities on its own terms, choosing where to remain deployed and continuing to raid those cities as deemed necessary. The six-month truce that maintained calm in Gaza from June until November last year was never formally codified - each side had its own interpretation of understandings reached with the Egyptian...

Author: /time Magazine | Title: How the Gaza War Could End: Three Scenarios | 1/16/2009 | See Source »

...risking diplomatic isolation and a dramatic increase in casualties. And the Israeli security establishment is justifiably skeptical of the prospects for reimposing the already enfeebled Abbas on a hostile Gaza. Rather than boost his power, the latest confrontation has further marginalized Abbas. Even his future control over the West Bank has come into question...

Author: /time Magazine | Title: How the Gaza War Could End: Three Scenarios | 1/16/2009 | See Source »

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