Word: eight
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...fact that the government ownership of IndyMac is coming to an end in just eight months is successful," says Kevin Stein, a former associate director of resolutions at the Federal Deposit Insurance Corporation (FDIC) and an investment banker at FBR Capital Markets. "Nationalization is a tool that has been used in the past and can be effective in the future in certain situations...
...went to borrowers in California, where home prices have fallen sharply. The FDIC tried to show it could keep many of those borrowers in their homes and still turn the bank around. In all, IndyMac modified the loans of more than 10,000 of its borrowers in less than eight months, in many cases eliminating the chance that those borrowers would face foreclosure. (See pictures of Americans in their homes...
...Humans have been looking for other planets ever since astronomers first turned telescopes to the sky. But once we got beyond the nine worlds orbiting our own sun - eight actually, now that Pluto's been busted down to planetoid - we had no luck. The problem is, stars are huge, and by comparison, even big planets are tiny. Squint all you want; you're not going to see them. (See pictures of Earth from space...
...cruel and obnoxious as the comment was, it was a reasonable expectation. Of the 6,000 residents of Attica, nearly two-thirds are prisoners, most from troubled neighborhoods in Martin's hometown of New York City, about an eight-hour drive south. Like so many other states over the past three decades, as the nation's prison population has exploded from 307,000 to 1.6 million, New York has come to see incarceration as a major source of employment. The corrections department is the state's largest agency, employing more than 31,000 people at 70 institutions...
...Khodorkovsky, the former head of Yukos who was convicted of fraud and tax evasion, is back in court, along with his former business partner Platon Lebedev - also serving eight years on a tax evasion conviction - to face fresh charges of embezzling $25 billion. A conviction could add another 22 years to the current eight-year sentence of which he has served five and a half years. The tycoon was convicted in 2005 of fraud and tax evasion, but prosecutors have introduced the new charges, claiming they are based on evidence brought forward by erstwhile Yukos subsidiary companies...