Word: creditation
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...that AIG will pay back taxpayers for the bonuses using taxpayer money. AIG has no money of its own. It has planned to sell off some of its divisions to raise capital. With one or two exceptions, there have been no takers. Perhaps the cause of that is tight credit markets, or perhaps the AIG operations that are one the block are not terribly attractive...
...excess, we corrupted the culture of contrition as well. Public apologies now play like vaudeville: the extravagant remorse of disgraced televangelists, the snarled "I'm sorry" of celebrities who exude regret at being caught rather than being wrong, the artful admissions of politicians who want credit for their confessions without any actual cost. We've learned to peel them apart with tweezers, find the insincerity and self-interest: If I caused any offense (you thin-skinned morons), I regret it. And so apologies are drained of their healing powers...
...February 26, 2009, only 81 courses have been approved for Gen Ed credit, and most of them have been carried over as existing department or Core classes...
Treasury Secretary Tim Geithner has a problem. On the one hand, he has to act to save the banks if he's going to start credit flowing and get the U.S. economy back on track. On the other hand, doing so makes him and his bosses look bad. Americans are against bailing out the banks by more than 2 to 1 in some polls. Worse, the banks themselves are deeply mistrustful of anything government might force on them. The head of Wells Fargo told Bloomberg on Monday that a key part of Geithner's plan, the so-called stress test...
...consultant at Marks Paneth & Shron, New York. "It looks like an easy way for the IRS to handle this, but some things will be given up," Goldstein said. Those include, he says, the right to recovery by mitigation ("mitigating" or amending closed returns), claim of rights (a tax credit equal to taxes paid on Ponzi income to original investment), and amending returns based solely on phantom income (removing Ponzi or phantom income going back three years...