Word: deal
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IndyMac will soon earn the first half of its name back. The Federal Government, which seized the failed bank last summer, is expected to close a deal in the next week that would return the California mortgage lender to private ownership. For IndyMac, the deal means independence in less than eight months. For the government, the IndyMac sale provides a shining example of how takeovers can work, at a time when the Obama Administration may soon begin pushing for more nationalizations. (See 25 people to blame for the financial crisis...
...IndyMac was a one-trick pony," says Bert Ely, a banking consultant. "Citigroup has a whole stable of horses you have to deal with." Nonetheless, IndyMac does provide an example in which nationalization worked, suggesting that at least some of the fears critics have of nationalization may be unfounded...
Those numbers shock the Catholic Church. But the Church's response to the Recife rape and abortion has shocked public opinion. Some Brazilians hope the controversy may compel the country to deal seriously with an issue that affects so many of its citizens. "Brazil wants to be a world leader, but the government can't guarantee equality for women," says Galli. "This is not a topic that anyone wants to debate...
Half the calls coming into the center deal with paying for treatment, either because lifetime limits on policies are quickly reached - cancer is one of the five most costly medical conditions in the U.S., according to the ACS - or because the patient is struggling to maintain coverage in the face of rising premiums and accumulating co-pay costs. Some, having been forced by illness to stop working, must struggle to keep their employer-sponsored coverage through COBRA rules. Others are looking for access to sometimes pricey state-funded high-risk pools, and 72% of the callers are simply uninsured...
...your reaction to this? We were partners, but now the partnership is over. We have been going the extra mile to support the government on fighting the issue of terrorism and extremism. We enabled the government to pass a resolution in the National Assembly and then how to deal with this problem...