Word: cushions
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...Treasury Department's calculations, the iceberg is huge. The 25 American banks with the largest position have more than $350 billion in credit exposure to derivatives--that's more than enough to wipe out the $250 billion in equity capital that the same banks keep on hand as a cushion to absorb losses. Few believe that Asia's troubles could jeopardize the entire amount--that would take a global, systemic collapse--but the possibility for some big hits is real. And although the losses in derivatives last year were small and manageable ($125 million), "these losses tell me that banks...
...football team but in the band at half time. Even though he ran for virtually every class office (not generally a sign of hipness), he emulated Elvis Presley, the king of bad-boy coolness, and drove around in a pickup truck with AstroTurf in the back to cushion his real or imagined assignations...
...RENO! WATCH OUT FOR THE WHOOPEE CUSHION...
Just three days after Christmas, the Crimson started giving away its own gifts--three goals to Wisconsin, three more goals to Boston College. Although the Crimson fought back for a 6-6 tie with the Eagles, the large cushion was too much against the Badgers, who for the first time since 1994 waltzed into the Showdown's championship round...
Against the Friars, despite a sluggish first period, the Crimson gave itself a little bit more of a cushion to start out with thanks to two quick goals by sophomores Courtney Smith and Kim McManama...