Word: guaranteee
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That said, judging from details provided by staffers and reports in the media, Congress did make a difference. To the three-page outline Paulson delivered over a week ago, the Hill added provisions to help American homeowners avoid foreclosure by reducing principals or interest rates and giving people more time...
Nor could anyone guarantee that $700 billion, as staggering a figure as that is, would be enough to get the job done. After all, the people who would be brought in to do the deals would come from some of the very Wall Street firms that caused this problem in...
Hence, the growing trend toward more arcane and occasionally bizarre password retrieval questions. Sign up for an MSN/Hotmail account and you can choose from "Who was your best childhood friend?" "What was your grandfather's occupation?" or "Who is your favorite historical person?" The questions for a Citibank MasterCard account...
Only two things stopped the panic. One was Paulson's move to guarantee the money market funds with a special hoard of Treasury money usually reserved for stabilizing the dollar against other currencies. The other was the announcement Thursday night of the plan to lift the bad loans (and the...
So for instance we had to make a decision on Thursday to use our exchange stabilization fund here to guarantee money market funds because money was starting to flee those funds, and if it fled those funds it was going to get to the financing of American businesses who rely...