Word: clear
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Dates: during 2000-2009
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...BofA wasn't alone. By early 2008, nearly all the big banks were poorly positioned to weather a downturn - particularly this downturn. Accounting rules demand that banks take a hit to their earnings by the value of a loan when it becomes clear a borrower is not going to pay it back. When a bank's loan losses are greater than its income, it has to take money from its shareholders' equity account to make up the difference. That's a big deal for a company's investors. If shareholders' equity is wiped out, their stock is effectively worthless...
...clear why the loan guarantees are doing so little to shore up confidence in the two banks. Some say it's because investors fear the problems at the banks are larger than the guarantees they received. What's more, both guarantees involve the two banks taking more losses before the government insurance kicks in. In Citigroup's case, the bank will have to swallow $29 billion more in bad loans before it is protected from further losses...
Wayne Kirby's last helicopter mission came on a warm and moonless night in South Texas on June 8, 2008. A few scattered clouds floated 1,200 ft. above the Huntsville International Airport. The sky was clear for miles. But just south of town, a low cloud swept in over Sam Houston National Forest. The fog already had thwarted another helicopter pilot who had tried to fly a patient from Huntsville Memorial Hospital to Houston. Blinded by the fog, that pilot was forced to turn around and abort the mission. Ninety minutes after that, Kirby was asked...
...Arts; $150 million to insure honey-bee farmers; $335 million for preventing sexually transmitted diseases; $150 million for repairs to the Smithsonian Institution; $462 million for equipment and construction at the Centers for Disease Control in Atlanta; $20 million to remove fish barriers in rivers; and $25 million to clear off-road trails, to name a few. (See the 10 most outrageous earmarks for government spending...
...nationality of the French First Lady, who moved with her family to Paris as a child, is another outstanding question for Italians. In her TV appearance Sunday she tried to clear up the matter, explaining that she had automatically gained French citizenship when she married Sarkozy but kept her Italian citizenship. "I'm Italo-French," she said. "I would have had to ask to renounce my Italian nationality, which of course I wouldn't want to do." Along with performances of several songs and inside secrets about life with the French President, Bruni's charm offensive on Italian TV looked...