Word: lesses
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...because of Sundance's size and celebrity attention, it has become less of a place where distributors can find unknown works. Recent indie sensation Paranormal Activity, in fact, had its premiere at the Slamdance Film Festival, which was founded by four Sundance rejects in 1995 and takes place in Park City at the same time. Paranormal Activity was made for $11,000, was picked up by Paramount and made more than $123 million at the box office. (See the top 10 movie performances...
Financing inventory, however, is only one part of the equation. Consumers have more choices now; the competition has gotten much tougher. Also, consumers are much less loyal to brands, so the negative impact could be more severe. "Toyota is big enough to survive, but this hits them at the core. The recovery plan coming out of this mess is going to be critical," says Toprak, who suggests that Toyota will probably have to spend heavily on advertising and incentives to restart sales when the problem is finally identified. (See the most important cars of all time...
...tried to force counterparties to take less than they were entitled, AIG would have collapsed," Geithner told the congressional committee. "There were no better alternatives...
...money. At issue were the credit-default swaps - essentially bond insurance that would pay out if borrowers didn't - that AIG had sold to a number of large banks and financial firms. Lawyers say there would have been nothing legally wrong with AIG's negotiating to pay some banks less than others on the CDS insurance they had bought from AIG. In fact, since the CDS contracts insured different bonds, it would have been normal for those insurance contracts to be settled at different prices...
...BlackRock report said that five of the six biggest creditors of AIG's financial-products division would have been willing to end the contracts for less than face value. French bank Société Générale, which was AIG's largest CDS counterparty, for instance, according to Blackrock was willing to unwind the bond insurance its had bought from AIG on its lowest quality bonds for 90 cents on the dollar, or for 10% less than what AIG had originally promised to pay. About 30% of the $16.4 billion in CDS contracts that SocGen had bought...