Word: credits
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...credit crunch has thus far focused on the residential mortgage mess. But with $1.3 trillion in loans to shopping centers and other commercial properties coming due between now and 2013, another time bomb is ticking. In a report scheduled for release on Wednesday, Deutsche Bank estimates that at least half the loans - and two-thirds of those packaged and resold as securities - will not qualify for refinancing. As a result, many borrowers will likely default, leading to losses on securitized mortgages of $50 billion or more and losses of at least $200 billion on commercial real estate loans overall, according...
...conversation between Geithner and the members of the committee became more confounding when the issue turned to the frozen credit markets. The Secretary said that his efforts to get banks to improve lending were getting "mixed" results. Banks have made themselves ready targets for blame. They have curtailed lending since the government began sending them rescue checks...
...interrogators cornered. Each and every one of them knows that the banking system cannot be allowed to fail and that no one is certain how to fix it. Too much criticism could lead to public anxiety about the entire set of programs meant to repair the broken financial and credit markets and suddenly there may be much more to fear than fear itself...
...that pushes the limits of what ballet can be and inspires new understanding of artistic creation.The four vastly different dances were choreographed by various professionals and undergraduate students and centered on an eclectic array of wonderfully conceived music. Overall, the musical choices were exceptional, and the artists deserve enormous credit for their dedication to the demanding and sometimes arrhythmic choreography. The first piece, choreographed by Elizabeth Weil Bergmann and composed by Jody Diamond, featured the distinctly Indonesian sound of the gamelan. The piece began with the eerie resonance of the gamelan instruments vacillating between two notes. The Indonesian-inspired dance...
...Complicating matters is that even if such foiled plots were more than fantasies it's as hard to prove a negative after September 11 as it was before. Just because there were no attacks after 9/11 doesn't necessarily mean that the interrogations deserve the credit. And of course the intelligence community's failure to discover that Saddam Hussein lacked any weapons of mass destruction before the Bush Administration invaded Iraq in 2003 makes their purported knowledge about thwarting attacks suspect to many observers...