Word: investment
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Dates: during 2000-2009
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How/why is this situation different from investors simply losing their money because of bad judgment about what to invest in? Can I get bailed out when my portfolio tanks? It's a variant on the old saw (often attributed to J. Paul Getty, although I'm sure somebody must have said something like it before him): "If you owe the bank $100, that's your problem. If you owe the bank $100 million, that's the bank's problem." Leveraged financial institutions (banks, investment banks, hedge funds) make investments with lots of borrowed money, so when their portfolios tank they...
...these reforms would involve massive up-front costs, and the current crisis seems to mean that there will be less money available for the next President to invest. If you say, "Well, let's borrow some," you run into the very problem that underlies the financial meltdown in the first place. At every level of American life - from the struggling homeowner who can't afford his mortgage to the failing investment banks that can't meet their collateral requirements to the Federal Government, which can't prop up the drooping dollar - the bottom line is that we've borrowed...
...Georgia is another state in which the campaign once had very high hopes but is now unsure whether it should continue to invest in it. The campaign stopped advertising there before the conventions and last week redeployed some of its 75 staff to neighboring North Carolina - a southern state with a large African-American electorate that has seen one of the highest levels of voter registration this cycle, with more than 400,000 new voters on the rolls. If the campaign can register enough new voters in the Peach State - and it has already registered more than...
...latest offer, which had the blessing of Berlusconi, who's back in power, came from a consortium of Italian businessmen ready to invest up to one billion euros in the more profitable sectors of the company. (The money-losing units would file for bankruptcy protection.) But after unions rejected the plan, the investors pulled their offer off the table...
...would argue that this is the single most challenging task facing contemporary Africa,” he said, adding that Africa needs to invest heavily in all areas of education...