Word: funds
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...wanting to be left out, then posted a harsh warning about the condition of the global credit and financial systems, According to Reuters, "The International Monetary Fund warned of a more severe economic downturn unless governments move aggressively to fix the financial system by removing troubled assets from banks' books." Since many policy makers believe that moving toxic financial assets into "bad banks" is not a solution to the build-up of bad paper on financial firms' balance sheets, the IMF's suggestion may go unheeded...
...black hole the government created when it did not initially establish reporting and monitoring systems: "TARP agreements generally do not require recipients to report or to track internally the use of TARP funds ... If the American taxpayer is to be expected to fund this extraordinary effort to stabilize the financial system, it is not unreasonable that the public and its representatives in Congress have some understanding as to how those funds have been used by the recipients...
...whether he will. He has said repeatedly that he wants to invest our children's money wisely, but he's also eager to blast money into the economy quickly, attract bipartisan support and let Congress work its will. So it's not clear how hard he'll push to fund his long-term agenda. But he should ignore the partisan gripes that the stimulus is becoming a "Christmas tree." Congress is about to toss almost $1 trillion into the economy, which means that any stimulus is going to be a Christmas tree, no matter where the gifts are hidden...
Bretton Woods is the mountain resort in New Hampshire where in 1944 the Allied nations met--with the U.S. calling almost all the shots--to plan a postwar financial system. The Bretton Woods creations included the International Monetary Fund (IMF), the World Bank and a quarter-century of fixed exchange rates built around a U.S. dollar that was linked to gold. The fixed exchange rates and gold standard unraveled in the 1970s, and ever since we've had a system in which the IMF occasionally steps in to help countries in currency crises (usually imposing harsh terms in the process...
...with Terry and engaged him in a conversation about how transforming a gift like this could be,” Walker said. “I told him about this pie in the sky idea to get a bunch of flexible funding and get really smart people together to think outside the box.” Walker approached Ragon—who had business of his own in South Africa—a year and a half ago regarding funding for AIDS research, and two weeks later, the two were on a plane together to see Walker?...