Word: federales
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
"The idea that you had to come to some unified settlement with all of the banks was ridiculous," says Thomas Adams, a lawyer at Paykin Krieg and Adams, LLP, and a former managing director at bond insurer FGIC. "But that seems to be the working logic at the Federal Reserve...
What's more, the deals the banks wanted to strike with AIG would have involved the insurer and the government giving up their right to reclaim the underlying bonds. Some have argued that would have led to a worse deal for AIG. Instead, the Federal Reserve decided to give AIG...
But it's still questionable that the Federal Reserve saved taxpayers money by paying off Goldman and others in exchange for the bonds. The government gave AIG $29.6 billion to pay off the rest of its CDS contracts, acquiring the bonds in the process. Those bonds are now worth $23.5...
As Federal Reserve Chairman Ben S. Bernanke ’75 faces a challenging reconfirmation battle in the U.S. Senate, he has garnered lukewarm support from some Harvard economists.
It has grown increasingly unclear in the past week whether Bernanke—whose term as Federal Reserve chairman expires Sunday—can garner the needed 60 votes in the Senate to be reconfirmed.