Word: coverable
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...Indeed, even without the $700 billion bailout, Paulson has already written some big checks - to cover the subsidized sale of Bear Stearns to JPMorgan, the nationalization of mortgage monsters Fannie Mae and Freddie Mac, the bailout of insurance giant AIG and the sales of Washington Mutual to JPMorgan and Wachovia to Citigroup. All of this will cost somewhere between $200 billion and $300 billion...
Kohler: These White Star Line men took gambles that today would be unthinkable. Imagine they built an airliner and it just plummets from the sky. Can you imagine if the federal government worked with the airliners that flew it and the company that built it to cover up the fact that they built a weak plane...
...morning on the assumption that it would pass. "This is very bad for McCain," said Clyde Wilcox, a government professor at Georgetown University. "So he interrupts his campaign to fly to Washington to deliver a deal, and then cannot deliver his party? This suggests that everyone is running for cover on this...
...business-news layman, I follow these issues fairly closely, especially as they affect consumer areas like the housing market. (I even wrote a TIME cover story in 2005 on America's obsession with home prices - with considerable help from our business staff - so it's not like I was unaware of the housing bubble and home-lending spree...
...market business reporters might not answer this question of degree. Maybe nobody really knows. (In which case, they have an obligation to say unambiguously: nobody really knows.) Maybe they fear creating a panic, and at the same time fear not having anticipated a disaster if it happens, so they cover all bases, leaving their audience confused in the process...