Word: bigs
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...year. Would that be enough to protect banks in the case of another meltdown? Of course, proper government and regulatory scrutiny can guard against a repeat of the recent crisis. But in the event of a disaster on a similar scale, "you're never going to get a fund big enough to cover all that," says Simon Maughan, a banking analyst at MF Global in London. "The taxpayer is always going to be the backstop. So why not improve the situation today by paying down the fiscal deficit instead of pretending you have an insurance fund...
...truth is, insuring against future catastrophe is hardly a foolish idea. Putting away at least some of the funds raised in the U.K. or U.S. makes sense. After all, almost all the big lenders who received cash from the U.S. Troubled Asset Relief Program in the current economic downturn have since paid it back. Britain's government, meanwhile, could yet turn a profit by selling stakes in its own partially nationalized lenders. (See 25 people to blame for the financial crisis...
...property comes onto the market [in California], usually there are 10 people ready to jump on it," says Yun. The weakest markets include Florida, Las Vegas and Phoenix, which saw the largest pricing gains in the bubble years, as well as Michigan and Ohio, where job losses have been big...
...Swiss Army knife of the skies, it's designed for vertical takeoff and landing to please the Marines and their smaller ships, while more conventional versions are slated to satisfy the demands of the Air Force and Navy. All of a sudden, however, the F-35 is in big trouble. On Wednesday, Defense Secretary Robert Gates told Congress that its recent cost and schedule snafus were "unacceptable." And while the Pentagon is not about to kill the program, the rush to push the plane down the assembly line and into the skies highlights the nation's continuing inability...
...their four children. But the real reason for the rush is that O'Keefe is visiting their house tonight to screen his latest effort, an undercover video revealing purported shenanigans at the offices of the Department of Housing and Urban Development. Breitbart hopes to debut the footage on Big Government. He believes it will be another scoop - and another blow to the liberal establishment...