Word: lente
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...recent poll in the newspaper Ethnos reported that 73% of those surveyed said they were willing to make sacrifices to turn the crisis around. "Greeks know the days of living on borrowed money are over," says investor and economist Timos Melissaris. "The time has come to pay the bill." Lent, it seems, is going to last a hell of a lot longer this year...
...December, Citi and the feds struck a deal to get the bank out from under the government's most stringent pay rules. Citi paid back $20 billion of the money the government lent the bank, and the Treasury Department agreed to declassify Citi as one of the firms deemed to be receiving "exceptional financial assistance." (See the best business deals...
...stake the government got last year by converting a portion of its Citi preferred shares. That makes Uncle Sam the bank's largest shareholder, with about 27% of Citi's outstanding shares, valued at some $26 billion. That's about seven times the $3.5 billion the government has lent SunTrust Bank and Regions Financial, the two banks with the next largest amounts of government assistance outstanding...
...Bank of America, Chrysler, Chrysler Financial, Citi, GMAC and General Motors. But in December, Bank of America and Citigroup struck deals with the government to get off the list. Bank of America raised nearly $20 billion from investors and paid back the government the $45 billion it was lent under TARP...
Greece's streets are covered in soggy confetti, remnants of this year's muted Orthodox carnival celebrations, which came to an end on Monday, the day when Greeks marked the beginning of Lent. For the country, a period of spartan repentance lies ahead - and not just because the seven-week period of Lenten fasting is starting. After years of overspending by both the government and ordinary people armed with credit cards - and now flush with credit-card debt - Greeks know the party is over. According to a poll released on Feb. 14, nearly two-thirds of people support the government...