Word: franked
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...Treasury from the operations of the company the amount of the retention awards just paid." It appears that AIG's penalty will be that the Treasury will force the insurance company to pay the Treasury back with money the Treasury has already given it. Congressman Barney Frank struck a strident tone when he proposed that the government enforce its right as owners of the company. In a briefing, Frank contended that the government should exercise this right as the majority shareholder and deny payment for breach of contract. In an appearance on Face the Nation, Frank proposed that in order...
...intentions were good. Ratings were a tool for assessing the safety of financial institutions. But the result has been to create a system in which getting a rating of a particular level is equivalent to "a regulatory license - a key that unlocks the markets," says Frank Partnoy, a law professor at the University of San Diego. In 1975, the SEC, in an effort to better define who was a legitimate rater of bonds, designated certain firms "nationally recognized statistical rating organizations" (NRSROs). Today, if you are a bank or a pension fund or an insurance company you have a firm...
...endangerment finding is only an early step in a process that could take a year or longer - environmentalists say it's difficult to imagine that the agency would attempt to control every possible source of greenhouse gas emissions. "People running the EPA have common sense," says Frank O'Donnell, head of the environmental group Clean Air Watch. "They're going to focus the efforts on the biggest sources" like the auto industry and the utility sector...
...cable TV the day before? Publish local school lunch menus, city-hall doings and, yes, local police and court reports. As for coverage from Baghdad and Kabul, editors can rely on the Associated Press and other news organizations with respected reporters. Gang reporting wastes time and money. Frank Real, Palmer, Mass...
...much China that's unhappy and angry, but the authors themselves. The brand of nationalism they preach is still a potent force, but they seem more upset about rivalries at home than abroad. Wang cautions that the book's title is a bit of a ruse. "To be frank, those words in the title Unhappy China are just for the purpose of promoting the book in the marketplace," he says. "We didn't choose them. It was the people selling the book who chose the title, because it would sell well." If they could chose a title, Wang says...