Word: directs
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...hole in the banking system's bucket. Paul Miller, an analyst at FBR Capital Markets who has written a number of reports on the capital issues of banks, says the only way to solve the problem is for the government to stop buying preferred shares and start taking direct ownership stakes. Of course, the issue with that approach is that the problem at the banks is so large, Uncle Sam may end up owning a good portion of the banking sector. Few seem to want nationalization. Unfortunately, that could be the only...
...banking crisis appears to be gaining momentum in Washington and abroad. Earlier in the week, Treasury Secretary Timothy Geithner seemed to have struck a deal between the FDIC and the Federal Reserve to roll out a new phase of the bank bailout plan that would include both guarantees and direct asset purchases. The latter plan is favored by the FDIC and is often called the "bad bank" approach, because the government would set up an institution to buy up all the loans or bonds that are backed by borrowers who are nearing or in default. Sources say the FDIC...
...Dell's core business is being pinched by three things. The first is that the company was fairly late at expanding into retail outlets overseas. It depended on its direct sales model for too long. The second problem is that the recession has cut Dell's sales. Dell's final problem is that it cannot find the right people to run the company. It recently dumped most of the senior management that it hired just over a year ago. It takes time for new people to get up to speed. Dell does not have time...
...always counted an applicant’s highest test scores and have allowed students to decide whether they wanted to send all their test scores. The new Score Choice policy aligns well with our belief that the individual student owns his or her test scores and is entitled to direct their use. That same belief in the importance of the individual applicant’s freedom—and responsibility—to choose how best to make the case for admission underlies our long-standing invitation to submit essays, CDs, academic or creative projects, or anything else that best...
...best opportunity for Obama to broker a compromise will probably be during negotiations between the House and the Senate to hammer out a single piece of legislation. But on Thursday, Gibbs declined to commit Obama to direct involvement in those negotiations. "I don't think I would close the door in any way that he'll get involved," Gibbs said instead...