Word: happenned
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...much bigger. Current rules require banks to hold assets that trade on their books at the value they would fetch if a bank had to sell them to another investor. Loans typically don't trade, so the rule typically only applies to stocks or bonds a bank might happen...
...very least, the PPIP plan probably means that the proposed accounting change, which could be enacted as soon as the next few weeks, to mark-to-market rules has to happen. But even with the rule change, banks are still probably going to need more money the government in order to make the PPIP plan a success...
...that's as much as 12% of German GDP. The U.S. bad-bank plans calls for purchasing up to $1 trillion in toxic debt, equivalent to 6.8% of U.S. GDP. German banks have about $550 billion in cash reserves. So, it's not hard to figure out what would happen to the real economy if the banks are left on their own to work through loan failure of this magnitude. "Germany has not succeeded yet in getting control of the financial crisis," says Klaus Zimmermann, president of the Berlin-based DIW economic research institute. "We must quickly extract the toxic...
...recent case in point is the “Get Lucky” poster, advertising a party that was supposed to happen shortly before spring break. The image of a silhouette of a naked, curvaceous woman with a cowboy hat was shocking. We were surprised that our fellow students could portray women in such a demeaning, objectifying way. Who could this naked woman be but a party attendee, just another Harvard student...
...scoreboard.“We played somewhat sloppy and poor defense in the first half, but once we woke up, we came streaming on back,” Farrar said. “Once you give a team a lead, you can’t expect [a win] to happen.”In the second half, Harvard increased the intensity, outshooting Pacific, 5-0. With Perlman anchoring the defense with eight saves, the freshman class began to shoot and score. Kennifer converted four shots, while Abbott and Zdrojewski scored one each. But in the final minute, Pacific maintained possession...