Word: buttress
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...business interests, the string of wins at the polls gives Correa no reason to shift to a more radical socialist position, says Latin America analyst Patrick Esteruelas at Eurasia Group in New York City. Instead, says Esteruelas, "Correa will enjoy greater flexibility to make some macroeconomic-policy adjustments to buttress liquidity and prevent a banking and currency crisis." The pragmatic Correa probably knows that such a confrontation could cost him the presidency...
...that point, pressure mounted from regulators, the Federal Reserve and Congress on the Financial Accounting Standards Board to loosen accounting rules so that the toxic assets' book value could be marked up to buttress the banks' balance sheets - conveniently raising the assets' potential sales price at the same time. And in late March, days before the meeting with the bank CEOs, Geithner and Obama unveiled the government subsidies for buyers, drawing big names like Blackstone and Pimco into the market to purchase the assets from the banks and resell them...
...assertion that for “a lot of voters... when you talk about experience with respect to Obama, that’s code for people’s continuing uncomfortableness about his race” does not fall into this category. Dickerson offered no evidence to buttress his claim, for there is none...
...bought toxic assets two or three years ago. A government-controlled bank might offer mortgages at extremely low rates, rates so low that they clearly do not take into account the level of home loan defaults. From a policy standpoint, it may make "sense" to do that to help buttress the housing market. But, to some extent that moves the government's control of the credit system from nationalizing banking to nationalizing the home lending system. The government could decide to apply the same principles to consumer credit loans and business lending...
...banks want money, most of it will have to be loaned into the financial system. The Bank of England will further buttress the credit system by buying corporate loans and commercial paper...