Word: bankrupts
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...about the financial crisis, mentioning that another insurance company was in danger of following AIG into failure. "One of the individuals in the caucus today talked about a major insurance company - a major insurance company, one with a name that everyone knows - that's on the verge of going bankrupt," Reid said. The senator stopped short of identifying the company, which might have been smart - except that panicky investors proceeded to dump the stocks of virtually all of the household names in the insurance business. Shares of Prudential, Hartford Financial Services and Metlife tanked in the following days and have...
...Japan now realizes the mistake it made back then: failing to act with speed and force. Loose accounting standards had allowed banks to hold soured assets on their books without writing them down to their true market value. This permitted financial institutions that were technically bankrupt to delay taking in fresh capital - a move that would have hurt existing shareholders but would have restored banks to health. The government dawdled for more than half a decade, allowing banks to carry on in a diminished capacity despite the fact that with key lending institutions crippled, the broader economy could not thrive...
...alarming, more immediate catastrophe co-opts people's fear? That's the predicament greens find themselves in now, with what is potentially the worst financial crisis since the Great Depression scaring Americans out of their wits. With the tanking economy dominating the news, and the government willing to virtually bankrupt itself to bail out the financial sector, it could be hard to push the climate change agenda - and possibly hard to find any money left to support it. "If this crisis consumes all of our attention, it might definitely impact the speed at which [global warming] legislation could be passed...
...chief architects of the invasion and occupation of Iraq—this provocative plan is probably nothing extreme. Unfortunately, it’s also an idea that makes real the threat of nuclear war, economic devastation, and global instability. Building a new national missile defense system would not only bankrupt the United States, but would also make the entire nation less safe. Instead, the United States should continue its current policy of engagement with Beijing – but this does not mean that it needs to appease China on every issue of importance.In contrast to the predictions...
...that agrees with the populist feeling that this is something that Wall Street created with their exotic financial instruments, and if it was a businessman here in Willoughby who tried to do something cute and it blew up in his or her face, they would be stuck with a bankrupt company. On the other hand, we have companies here, Steris, Lincoln Electric, Lubrizol - just the three of them employ 2,400 people. When will this mess trickle down and affect those companies, and start affecting moms and dads whose kids are trying to go to college...