Word: deposited
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
...Citi getting? Specifically, the government will back a $306 billion pool of troubled loans and securities largely related to the foundering residential and commercial real estate markets. After Citi absorbs the first $29 billion in losses on these securities, the government - first the Treasury Department and then the Federal Deposit Insurance Corporation (FDIC) - will step in and bear 90% of any further losses. In return, the government gets up to $7 billion in preferred Citi stock and the right to buy more shares at $10.61 - not a bargain these days, with Citi trading in the single digits, but perhaps worth...
...government allowed the creation of a massive shadow banking system run by investment banks, hedge funds and brokerage firms over the last 30 years that rivaled the traditional system in size but lacked every one of the stabilizing pillars that had been erected beneath it after the Great Depression: deposit insurance, access to a lender of last resort, a system for orderly failure, and reasonable constraints on risk and leverage. With near bottomless funds from money-market investments and sky-high leveraging limits, the shadow system financed the bubble that is now bursting. (See "Four Steps to Ending the Foreclosure...
...little is likely to be done inside the Beltway - Federal Deposit Insurance Corporation chairwoman Sheila Bair is still pushing for a homeowner-relief plan - local leaders are looking for makeshift solutions at the grass roots. One notion is to let cities use NSP money to leverage lenders into helping more borrowers avoid foreclosure. Since lender banks naturally want foreclosed properties taken off their hands in the NSP buyout - and since reckless and even predatory lending was so often at play in the subprime mess - perhaps they in return ought to be required to show some level of commitment to homeowner...
...given time, there are no more than five staffers inside an Aldi store. For instance, during Chernova's recent trip in Chicago, there were just two cashiers, an employee replenishing milk shelves and a security guard greeting customers. Even using a shopping cart requires a 25¢ deposit, thereby ensuring that employees spend less time chasing carts...
...told, decisions at firms like Citigroup and UBS about what lines of business to pursue will be made with more of an eye to how much risk comes along with the profit. Merrill Lynch's running into the arms of Bank of America and its steady-Eddie deposit base, and Morgan Stanley's and Goldman Sachs' opting to become bank holding companies can be read as early evidence of the move toward that balance...