Word: happened
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...than $1 billion for Summit Entertainment, a new studio that is releasing the hotly anticipated movie Twilight in November. It also backed a $500-million production facility for MGM's United Artists division, which is releasing the less promising-looking Tom Cruise vehicle, Valkyrie, in December. "Do those deals happen in today's market?" asks a rival studio executive. "I'm not sure about that...
...Kavanaugh, one of the few who has been able to close studio finance deals in the past few months, says he welcomes the new rules. "It's a natural equilibrium that had to happen," Kavanaugh says. "There's not a fire sale going on. Smart deals will continue to get made, with investors having a significantly better seat at the table...
...Roots of the Problem How did this happen, and why over the past 14 months have we suddenly seen so much to fear? Think of it as payback. Fear is so pervasive today because for years the financial markets - and many borrowers - showed no fear at all. Wall Streeters didn't have to worry about regulation, which was in disrepute, and they didn't worry about risk, which had supposedly been magically whisked away by all sorts of spiffy nouveau products - derivatives like credit-default swaps. (More on those later.) This lack of fear became a hothouse of greed...
...want to invite press, spread the word, and inspire people,” Palmer said. “The technology is here, the change must happen with people...
...outside the offices of AIG's Singapore subsidiary, AIA. The sun beat down on the sunflower-yellow facade of the company's fifty-year-old flagship building in the heart of Singapore's office district, around the corner from AIA's new offices. "I never thought this would happen to AIG," said Aee, shaking his head in amazement...