Word: haircutting
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Dates: during 2000-2009
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...want to take government loans because they won't be able to gorge on their usual bonuses. "The plan to buy up toxic assets is going to evolve very slowly, if at all," an investment banker told me. "The banks don't want to take the haircut, and the hedge-fund managers" - who would partner with the government to buy the assets - "are afraid that if they start making big money on this, Congress is going to whack them the way it did on the AIG bonuses. If this plan doesn't work, it's going to take a much...
...Haircut n.-- In lending, the difference between what a creditor is owed and what he gets...
USAGE: "What a bankruptcy court might achieve is forcing those who hold GM or Chrysler's debt 'to take a haircut'--that is, get back less of their money than owed." --Austin American-Statesman, March...
...Whereas once Tester had high ceilings and period details, now he has cubicles and modular furniture. It's just not Senator-worthy. Tester notices my disappointment and says grimly, "This is more functional. If I were choosing on aesthetics, I'd own a different tractor." And, perhaps, a different haircut...
...tension climaxed with the judges’ decision. The audience exploded in applause for Mr. Asian Sensation, Van, who went home with a chance to represent Harvard at Wellesley’s Mr. Asian Student Union pageant, a free haircut, and his own tiara...