Word: failed
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...many banks will fail in the U.S. over the next year as the recession deepens? Answering that is like trying to guess whether a poker player will draw an ace on any given hand. Someone may have a big computer program that can find that number, but like most statistics. It is right until...
...same. They are stacked based on risk. The highest tranche bond gets paid its dividends based on the first loan payments that come in the door. Bonds at the bottom of the stack get paid last, which means those investments are wiped out first if borrowers fail to pay back their loans. Those bonds have the highest risk, and the highest yields...
...action on the stimulus bill that is currently bogged down in negotiations in the Senate. At an appearance to introduce his team of outside economic advisers, Obama said the job numbers signaled "an urgent and growing crisis" and called further delay on the stimulus bill "inexcusable." "If we fail to act," he said, "this crisis could become a catastrophe." (See the top 10 financial collapses...
...club of wealthy nations, agreed to create a "college of supervisors" to more closely coordinate regulation of multinational banks. The Group of Thirty, an influential organization of current and former central bankers and financial regulators, recommended in January that "systematically significant" financial institutions (those that are too big to fail) be identified in advance and subjected to higher capital requirements and tougher regulation. (See who's to blame for the financial crisis...
...before, but every song on this album, save one, heavily incorporates a synthesizer and electronic elements. “Ulysses” and “No You Girls” manage to stay true to the old Franz Ferdinand aesthetic while adding these newer elements. That said, they fail to replicate the magic of their most popular single, “Take Me Out.” The album goes wrong when they depart almost completely from their template, evident in “Lucid Dreams.” The song clocks in at nearly 8 minutes and much...