Word: keeping
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...scenes, are done in Spanish. This, the creators tell us, is an attempt to acknowledge the show's multicultural theme more forcefully and to make the show more "realistic." It's a worthy sentiment and less of a distraction than I'd feared; enough English is tossed in to keep the Anglo customers from drifting off in confusion, and I, for one, do not miss the English lyrics to "I Feel Pretty." Still, it seems like a gimmick: "realism" in a genre that depends on stylization for its very existence. This is a show where gang members do ballet leaps...
Geither was wise to use his unexpected popularity to ask for something that Congress would normally be reluctant to give. Spreading the regulation of the financial and credit systems around to a number of agencies has meant that one never became terribly powerful. Consequently, Congress could always keep its hand in the game by helping to decide which arms of the government should care for the most complex and, at this point, most troubled part of the system...
...Finally, the seemingly unprecedented drop in prices together with increased default rates made it nearly impossible to assign value to MBS. As a consequence, MBS that had some intrinsic value were illiquid, and banks were forced to keep the toxic assets on their balance sheets...
...Under TALF, the Fed will only finance AAA-rated ABS. Investors are not given an incentive to purchase the riskier tranches. The result is that securitizers would have to keep the riskier tranches on their own balance sheet. And, given banks recent experience with this approach, it is unlikely that they will be eager to do so again. However, in the event a bank wishes to act as a securitizer, they will have no choice...
...billion to Mexico and other countries over three years to help combat drug smuggling and violence. So far, only $456 million has been approved and President Obama has not yet said whether he plans to follow through on the remaining billion dollars. But money or no money, the drugs keep coming, and they keep coming fast...