Word: lines
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...derivatives - received a chilly reception abroad. U.S. Treasury Secretary Timothy Geithner pooh-poohed it as "not something we're prepared to support." But Darling's call for a global bank tax could yield something closer to the U.S. vision. Such a levy might involve taxing banks' wholesale funding, in line with the Financial Crisis Responsibility Fee proposed by Obama in January...
Curran also worries about how this round of loan-principal reductions will play out among investors who buy mortgage securities and whether they may be reluctant to buy new mortgage loans if there's a chance the principal will wind up being reduced down the line. "The returns would have to rise to incorporate this risk," says Curran. "Either they'll have to be compensated or they won't participate." (See the best business deals...
...individualism for politicians to place principles before reelection, and those Democrats who accepted this risk deserve recognition. Considering this political gamble, constituents in favor of the new healthcare law should show appreciation to their representatives at the ballot box come Election Day. These leaders put their careers on the line for their values, which merits sincere commendation...
...They will kind of show you ‘This is what we’re going to run, can you stop it?’” Tillman said. “And you basically have to line up and guard, this is how we’re going to defend it and hopefully we defend it well…they’re not trying to trick...
...increasingly it seems that the needs of constituents have fallen on deaf ears to Washington leaders as party-line commitment now trumps the duty to hometown voters. Representation in Congress is no longer vested in pushing constituency interests, which are now being marginalized by national party politics. In fact, the ill-fated “Cornhusker Kickback” represents the rare hat tip to a congressman’s constituents in the last year. Kudos, Senator Ben Nelson, for trying...