Word: coste
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Dates: during 2000-2009
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...Already, the effort to repay TARP is boosting the cost of borrowing for some banks. That's because banks have to regularly issue bonds in order to have money to make loans and underwrite securities. This became much harder to do during the credit crunch, so the government began allowing banks to offer bonds that are insured by the Federal Deposit Insurance Corp. (FDIC). With the government's backing, banks were able to raise money. (See 25 people to blame for the financial crisis...
...estimates that JPMorgan, one of the healthiest banks, will have to pay three percentage points more per year to borrow without the FDIC guarantee. That would boost the interest JPMorgan has to pay on five-year loans to 6%, from an FDIC-backed rate of 3%. For Goldman, the cost of borrowing could rise as much as five percentage points...
...Banks exiting the TARP program are also looking to buy back the warrants they issued to the government in order to receive TARP funds. David Hendler, an analyst at CreditSights, estimates that it would cost JPMorgan nearly $2.6 billion to buy back their warrants from the government. "Banks may have to spend substantial sums to pay back their TARP warrants," says Hendler. Proponents of the banks paying back the government say the higher borrowing costs will only be temporary. As the market improves, banks will be able to issue bonds on their own at lower rates. Indeed, so-called bank...
...Lawyers - at least those who deal with constitutional questions - live in an abstract world of seemingly precise codicils, which often turn out to be maddeningly inadequate when confronted by the violent imprecision of war. Soldiers in combat live in the existential horror of right now; their decisions save or cost lives. The best of them understand the need for rules, but don't have the luxury of abstraction. And so, Guantánamo: the lawyers defend the rights of the detainees, the soldiers fear the consequences of granting undue rights to villainous fanatics - and the Obama Administration has to adjudicate...
...French dailies traditionally publish on all holidays except the May 1 labor day. But Libération editors explained that sluggish sales on days off don't offset the cost of printing the cash-strapped paper. Rival publications reacted not with smug guffaws, but with more of the same. Conservative daily Le Figaro now says it will also suspend publication on three French holidays. That follows the earlier lead of financial dailies Les Echos and La Tribune to sit out national holidays - a sous-pinching habit to which Catholic daily La Croix and its communist opposite L'Humanité have...