Word: crediteers
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...same level of prominence, but Jay Sekulow of the American Center for Law and Justice, who I mentioned. He gets a lot of credit - or blame, depending on where you're coming from - for how case law has changed on issues like separation of church and state. Of the people who you've mentioned, I'd say the one I've always enjoyed the most is Antonin Scalia. My second favorite over the years was Ed Meese, the attorney general under Ronald Reagan...
...reporter revealed that Kilpatrick had leased a $25,000 Lincoln Navigator for his wife, Carlita, with whom he has three sons, through the city's police department. He also charged more than $200,000 worth of spa treatments, Las Vegas hotel bills and restaurant tabs on a city-issued credit card. Such revelations were especially damning given his decision to cut nearly 7,000 government jobs and eliminate the city's 24-hour bus service for budgetary reasons...
...share value and corporate profits. Mitsubishi UFJ, like Japan's other mega-banks, avoided damage caused by the subprime crisis, but its stock portfolio is now taking a hit as the Nikkei and Tokyo Stock Price Index (Topix) continue to fall and wipe value from its balance sheet. One credit analyst estimates that since the end of June, the total stock value held by the top three banks has dropped by $56 billion, signaling that other banks are clearly at risk...
...Equity market declines are having a negative impact on the capital adequacy ratio of major banks," says Shinichi Ina, bank analyst at Credit Suisse Japan. "It will get worse in the short term because the other sectors are in severe situations, making it difficult for banks as lending amounts shrink and credit costs increase." But the new offerings have their risk. Large public shareholdings made banks vulnerable to market fluctuations during Japan's lost decade - after the real-estate and banking bubble burst in the 1990s - and the government intervened to buy shares to prevent further bank losses...
...this new round of intervention. As part of finalizing the details of the government's second stimulus package, Aso is also calling for changes to accounting rules, including a relaxation of capital adequacy requirements for banks and a suspension of the golden accounting rule of mark-to-market. Credit Suisse's Ina warns that fiddling with mark-to-market accounting (in which a bank's assets are assessed at market value) could have an affect on banks' financial earnings by "obscuring the realities." He warns that changing the current standard might "provide more room to manipulate earnings sometime...