Word: directs
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...comes down to this: Banks need money. The U.S. government has it. Or can print it. So in addition to the end-around plans to buy mortgage securities and other toxic assets that Paulson and Fed Reserve Chairman Ben Bernanke have been devising, why not go with a more direct approach...
...Treasury is planning to pursue both direct infusions of capital and the purchase of bad assets to help clear the market. But outside observers already have qualms about a voluntary program. The consensus among experts seems to be that Treasury should shoot the wounded and let the surviving banks buy their assets. "There is no use in injecting equity into institutions that are basically insolvent," says Harvey. There's also what's known as the "lemons" issue: any bank that applies for funds might spook investors. The solution is to make all healthy banks participate...
...have the kind of hard, direct evidence that you could take to get a criminal indictment. That allows Karzai to say, Where's your proof?' WHITE HOUSE OFFICIAL, speaking anonymously on suspicions that the brother of Afghan President Hamid Karzai is involved in heroin trafficking...
...growth during the last 5 years, averaging 5.1 percent per year.” He explained that since 2004, the Colombian government has poured significant sums of money into improving Columbia’s attractiveness to foreign investors. As a consequence, the demand for domestic labor and the foreign direct investment have both greatly increased in the past four years. While the minister praised his own country’s economic performance, he criticized America for allowing its own economy to fall into a state of crisis. “We are facing one of the worst financial crises during...
...politicians,” said Murray. “This country first became owned by banks, and now government owns the banks after the bailout.” Cambridge Mayor E. Denise Simmons said she is more optimistic about the future of homelessness. “We direct all homeless people needing assistance to the multi-service center,” said Simmons. “I’m also planning on meeting with clergy and working with [the Department of Human Service Programs].” “We need to help people...