Word: chairman
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...When discussing the new list, FDIC Chairman Sheila Bair said she expected her agency to pay out $22 billion in insurance this year. On the back of an envelope that number would seem to indicate that the banking industry will not have such a bad year. The FDIC may not even have to go to the Treasury for the extra capital that might be needed as problem banks fail. No matter what the agency says about its list, the actual figure for problem banks is much too low. The FDIC can claim that it historically accurate measurements, but most financial...
...releasing any number at all remains an enigma. It may be that the agency wants taxpayers to think it is doing a good job counting heads. Chair Bair is shameless in her courting of the media. She would like to be viewed as an equal to the Fed Chairman and Secretary of the Treasury. Maybe if she appears at enough press conferences, her dream will come true...
...intensity with which the spiffily attired investment brokers of the African Banking Corp. stare at their computer screens is misleading. A closer look reveals that they're either fiddling with iTunes or playing solitaire. Still, their boss, Seti Shumba, who moonlights as chairman of the Zimbabwe Stock Exchange, offers them smiles and pats on the back - he's just glad they showed up to work...
Stacks of portraits of Mahmoud Abbas stand unused, gathering dust in the office of his Fatah movement in Beirut's Shatila Palestinian refugee camp. Posters of Abbas - President of the Palestinian Authority, leader of Fatah and chairman of the Palestine Liberation Organization (PLO) - would normally hang in offices and on street corners throughout Lebanon's 12 Palestinian refugee camps. But ever since Israel's incursion into Gaza earlier this year, Abbas has become politically radioactive to the approximately 400,000 refugees languishing in Lebanon, who were livid at his failure to act in defense of the beleaguered Gazans. "Abbas embarrassed...
...stack of unused posters is but a symptom of the collapse of support for Fatah in Lebanon, home to the most politically active population of Palestinians outside the West Bank and Gaza. It was the movement's traditional support there that underscored Abbas' mandate, as chairman of the PLO, to negotiate on behalf of all Palestinians. But the failure of Abbas' negotiation strategy to deliver any meaningful change for the prospects of Lebanon's Palestinian refugees has led many - like their kin in the West Bank and Gaza - to transfer their support to Hamas and other radical Islamist groups...