Word: bolstered
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...Group, and most recently, the failure Washington Mutual and its subsequent takeover by federal officials in the largest bank failure in U.S. history. Amid concern that the crisis could prompt a severe recession if left unchecked, Congress is preparing to pass an unprecedented $700 billion bailout plan intended to bolster confidence in faltering U.S. financial institutions. As the crisis continues, Rogers said, alumni are still trying to assess the impact of recent events.“They are mostly saying now, ‘Wow, this is unprecedented,’ and are reluctant to prognosticate...
Paulson's embattled bailout plan—intended to bolster confidence in faltering U.S. financial institutions—would allow the federal government to purchase up to $700 billion of difficult-to-sell securities in an effort to cleanse the country's ailing financial system...
...absentee father who avoids anyone he fears might criticize him. Even people who don't care a whit about business will be intrigued by this portrait of a boy who endured a verbally abusive mother and grew into a man desperately dependent on a series of women to bolster his psyche--even as he became the richest person on the planet. Schroeder, a former insurance-industry analyst, spent years interviewing Buffett, and the result is a side of the Oracle of Omaha that has rarely been seen. When Buffett's daughter tells him he doesn't have...
...capital. The downturn accelerated in recent months as lenders spooked by steep losses and high-profile bank failures have tightened their purse strings. Worried that recent high-profile failures could spread and freeze financial markets, Treasury Secretary Henry M. Paulson Jr. announced the plan now under consideration to bolster confidence in U.S. financial institutions. “PIMCO is ready to work for no fee in helping to manage a program that would assist in stabilizing the U.S. economy,” El-Erian said in an interview with the news wire. “We believe that this exceptionally...
...securities as cash-like investments, as the Secretary of the Commonwealth of Massachusetts, who filed complaints against a number of companies, has suggested. In April, when the Treasury Department put out a blueprint for reforming financial markets, which included a possible abolition of the SEC, Cox probably didn't bolster his staff's spirits by not immediately standing up for his agency's autonomy...