Word: failed
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...miss," says Talbott. If he doesn't, he'll have an even bigger mess on his hands. Alabama Senator Richard Shelby - the ranking Republican on the Senate Banking Committee - Senator John McCain and others have called for the government to stop messing around and just let the bad banks fail. If Geithner doesn't deliver, they'll surely deliver the same verdict...
There's an uproar about whether the government should let AIG fail, a debate re-energized by the latest revelation of bonus payments going to AIG's executives. In fact, there's a good case to be made that AIG should fail, and it has nothing to do with bonuses...
...Whichever it is, if the number of institutions involved in swap-trading were limited to those trading with AIG, then AIG is probably not too big to fail. We have to worry about chains of claims. Just because AIG dealt only with banks does not mean those banks did not rewrite similar contracts with hedge funds...
...individual bank and its possibility for failure. The economy does not need every bank to survive; it needs most. Right now, we need to know which ones. By propping up financial institutions that are subject to unknown potential losses, the government is prolonging the uncertainty about whether they will fail. This perpetuates the crisis of confidence in which banks do not trust one another enough to loan money...
...actually struggles with personal issues of his own. Hired to be the manifestation of the headmaster’s (James Smith) beliefs and expectations, Irwin is both annoyed and captivated by Hector’s eccentric teachings. However, his own attempts to remain unemotional and detached from the boys fail, and he falls into the same trap as Hector—he can’t help but care for them.Though all the boys are loveable, Stuart Dakin (Noah A. Hoch ’11) stands out as the seductive heartthrob of the show. Representing “class hunks?...