Word: funds
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...activity was driven by easy capital and the notion that putting two related companies together could enhance revenue by selling a broad array of products and services to common customers. Many of those deals are in trouble now because of the leverage they took on to fund their transactions...
...financial community learned from the Madoff scandal is that some people were not making money at all during the great capital bonanza of the last half decade. Prosperity was in tremendous supply because people wanted it to be. Madoff was "making" billions of dollars while actually losing billions. His fund was a pool of toxic assets...
...would "very, very aggressively" review the request - the door is open to California once again taking the lead on cleaner cars. "It's a tremendously important step because we are in an urgent race against the climate crisis," says Vickie Patton, a senior attorney for the Environmental Defense Fund...
...proposed $825 billion stimulus package currently making its way through Congress will be the most expansive spending plan the government has ever proposed. It's expected to cut taxes, fund everything from highways to college education, extend COBRA health insurance for the unemployed, and...give $150 million to the Smithsonian Institution...
...feet quickly, Obama may not have the time to rewrite Bush's rulebook, even if it does hurt the planet. "It's a huge burden on a new presidency that already faces more than its fair share of burdens," says Vickie Patton, a senior attorney with the Environmental Defense Fund. Bush's messes won't be cleaned up easily...