Word: checking
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...been chanting for months, ever since former Treasury Secretary Henry Paulson arrived in late September on Capitol Hill to warn of disaster, pass around his three-page plan and demand $700 billion to fix the problem. Most members of Congress were so spooked they were ready to write a check, until their phone lines started melting with the angry voices of taxpayers demanding details about the likely return on the investment. But even the minimal strings attached did not prevent the first $350 billion from vanishing, with the government overpaying about $78 billion for the assets it bought. The banks...
...Stop Faith Shop: Beliefnet.com Explore your faith, and check out tips on health, finance, love and more. Also has blogs, prayers, news, and guidance for contacting your guardian angel...
...loan has been chopped up and dispersed to investors around the globe with a third-party servicer in charge of collecting payments--that's not happening. "Servicers don't have the right incentives," says Christopher Mayer, professor of real estate at Columbia University's Business School. Cutting them a check in return for a modification of the loan, or trumpeting their legal authority to do so, is meant to prime the mortgage-rewriting pump, as is letting bankruptcy judges revise mortgages...
...however, the library has been off-limits to students, who get to go there only when (already overworked) teachers can escort them and handle the record-keeping. "With all of the cutbacks we've had in the last few years, the district can't pay for someone to help check out books," explains Pam Wiesenberg, a third-grade teacher at the school. "As a result, the children suffer...
...Check that, junior phenom Jeremy Lin scored 22 in the second half, including his free throw as time expired that sent the Crimson to a much-needed...