Word: branches
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...Santander agreed to buy the savings deposits and branch network of the hopelessly overextended British lender Bradford & Bingley (B&B), forced into nationalization yesterday after investors and lenders lost confidence. B&B - whose share price has plummeted 93% this year - relied on the gummed-up wholesale credit markets for around half of its mortgage funding. Many of those home loans it has made, often without proof of the borrower's income, now look risky. For $1.1 billion, Santander will take on $37 billion in savers' deposits; the U.K. government, meanwhile, took on B&B's $78 billion mortgage book...
When crisis strikes, it has often been Congress’s knee-jerk reaction to accept whatever the executive branch has to offer. The Patriot Act and the Iraq War are a couple of recent examples, and the trend continues today. The current financial crisis is an issue that strikes at the hearts—and pocketbooks—of every American, and is sending Congress into panic mode again. It seems that few predicted a worsening crisis after the subprime bubble months ago, listening to President George W. Bush’s serene conviction that everything was going smoothly...
...project of Dr. Jay Giedd (pronounced Geed), chief of brain imaging in the child psychiatry branch at the National Institute of Mental Health. Giedd, 43, has devoted the past 13 years to peering inside the heads of 1,800 kids and teenagers using high-powered magnetic resonance imaging (MRI). For each volunteer, he creates a unique photo album, taking MRI snapshots every two years and building a record as the brain morphs and grows. Giedd started out investigating the developmental origins of attention-deficit/hyperactivity disorder (ADHD) and autism ("I was going alphabetically," he jokes) but soon discovered that...
Cheney, Dick •Federal judge rejects claim of that vice president is not part of executive branch of government...
...physical violence is no longer part of the Klan way of doing things. But Mark Potok, director of the Southern Poverty Law Center's Intelligence Project, which studies hate groups and extremism in America, disagrees: "That's hogwash," he says, citing a lawsuit under way against a different Klan branch, the Imperial Klans of America, for allegedly assaulting a teenager at a county fair in Kentucky...