Word: failed
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
...banks, investment banks, hedge funds) make investments with lots of borrowed money, so when their portfolios tank they can quickly get into a situation where they can no longer make good on their debts. When that happens to a single institution, it's no big deal to let it fail. But if it's happening to a lot of them at once, you get the paradox of deleveraging: a downward spiral in which failure begets more failure and retrenchment begets more retrenchment...
...just been through the most tumultuous market environment since the Depression. We learned (again) that banks and brokerages can fail, insurers can go broke and even ultra-safe money-market funds can lose value. But we also learned (again) that true diversification, patience and attention to risk are your best safety nets...
...Although the government does not guarantee against investment losses from stocks or bonds - and has put only a temporary guarantee on losses from money-market funds - it does guarantee that your deposits or securities will be returned to you should an institution fail. The limit is $500,000 in brokerages for each unique account per institution, $250,000 on deposits in retirement accounts and $100,000 on deposits per person per bank, although there's a movement afoot in Congress to raise that limit to $250,000. With something like a revocable trust or POD (payable on death) account...
...Also, the fact that every big FDIC deal so far in this crisis has been different - IndyMac was allowed to fail, with only insured deposits safe; WaMu was seized, but all depositors were protected; and Wachovia was sold in a deal that protected both depositors and owners of the company's bonds but left shareholders with very little - has left investors guessing about the fate of the rest of the banking world. Hardest hit in today's market sell-off were regional banks like Sovereign Bancorp and National City, perhaps because they seem too small to get special FDIC treatment...
...growing clout of the two parties raises questions about the future direction of Austrian policy. Already the country has turned sharply against an E.U. constitution; even the Social Democrats have said that no new document would be approved without a popular referendum, which would almost certainly fail. The number of immigrants entering Austria is small compared to that of Spain and some other E.U. countries. But Strache nevertheless got traction with his calls for curbs on "criminal immigrants," including implanting electronic chips in anyone convicted of a crime to allow the authorities to monitor their movements...