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...everybody does it at the same time, big trouble ensues. "[N]ot all leveraged lenders can shed assets and the associated debt at the same time without driving down asset prices, which has the paradoxical impact of increasing leverage by driving down lenders' net worth." Basically, if all lenders de-leverage at once, the financial system implodes - and everybody, not just the bankers, suffers...

Author: /time Magazine | Title: Washington Prepares the Mother of All Bailouts | 9/19/2008 | See Source »

...legendary actors of ye olde gangster cinema, mix in rappers, guns, and badges, add a healthy portion of serial-killer storyline, and top it off with a dash of cheap twist ending. But if I really wanted to draw out this clichéd food metaphor, this Al Pacino/Robert De Niro tag-team event would have to be more of a reheated meatloaf than a zesty fettucine alfredo. De Niro and Pacino, two of the most esteemed living movie actors, play a duo of disgruntled, aging homocide detectives on the NYPD in the midst of a serial killer investigation...

Author: By Alec E Jones, CRIMSON STAFF WRITER | Title: Righteous Kill | 9/19/2008 | See Source »

...Robert De Niro and Al Pacino, twin heirs to Marlon Brando's Method mantle, play New York City detectives on the trail of a cop who's a serial killer. The first movie in which the stars share prime screen time could have been an event--if it had happened 30 or 20 or even 10 years ago. Not now, not here. Instead of a World Series of acting, we get a wan Old Timers' Game...

Author: /time Magazine | Title: 5 Things You Should Know About | 9/18/2008 | See Source »

...Fiscal Year 2009, we expect to see a continuation of the process of financial market de-leveraging,” the managers wrote, referring to the increased difficulty of borrowing. “This process will likely create periods of disruption and market volatility...

Author: By Clifford M. Marks and Nathan C. Strauss, CRIMSON STAFF WRITERSS | Title: Yale Lags in Money Chase | 9/18/2008 | See Source »

...course, there's a worst-case scenario: that McCain would, if elected, maintain his predecessor's chilly relationship with Spain. Spaniards may, on the whole, revile American politics and American comida de basura (junk food), but they still tend to measure their Prime Minister's international worth by the esteem with which the U.S. President holds him. And so, for the past four years, the Spanish Prime Minister has tried, ever so earnestly, to prove that he's one of the big boys. At every international summit he has tried to maneuver himself into position for a photograph with Bush...

Author: /time Magazine | Title: The Pain in Spain Falls Mainly on McCain | 9/18/2008 | See Source »

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