Word: deposite
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Small, impoverished Bolivia, in fact, is the Saudi Arabia of lithium. It's home to 73 million metric tons of lithium carbonate, more than half the world's supply. The largest single deposit is the Salar de Uyuni, a vast, 4,085-square-mile (6,575-sq-km) salt desert in the southern Potosi region that is also one of Bolivia's biggest tourist attractions...
...late 1990s and early part of this decade, a succession of Federal Deposit Insurance Corp. (FDIC) chairmen fought to raise the agency's insurance limits and its clout. Congresses repeatedly said no. Employment at the FDIC shrank to 4,500 staffers, from about 23,000 in the early 1990s. Some even argued that the agency's insurance fund should be abolished altogether...
...FDIC's chief job is to provide insurance on bank deposits. That means when a bank fails, it is up to the FDIC to guarantee that you'll get at least that much of the money you had in your checking account or savings account or certificate of deposit. It does this by seizing a bank when it fails and selling it off whole or in pieces, typically to another bank, for as much as it can get. The difference between what the bank sells for and how much is still owed depositors is the FDIC loss and comes...
...Sitting on the government's side of the table in the talks with Bank of America are officials from Treasury, the Fed, and the FDIC. The deposit insurance agency does not have to capital to bail out a lot of big banks. It has to worry about work-outs for smaller ones that are failing. The Fed is willing to lend big banks money for a short term. It is not likely to get into the business of trading cash for equity...
Back at Ziomara Suarez's apartment, the formal loan collection ends, but the women of the Progressives - what the group has named itself - stick around. As Emily Medina leaves to deposit the cash she's collected, the borrowers continue to chat and laugh and swap stories about the ups and downs of business. Then one of them opens up a suitcase and starts selling jeans and T-shirts...