Word: losely
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...musical aesthetic of their compatriots. White Lies, a London based trio formerly known as Fear of Flying, is no exception to the rule. Featuring a nostalgic veneer of haunting melodies, morbid song titles, and even more melancholic lyrics, the outfit’s U.S. debut, “To Lose My Life...,” is a fitting tribute to the pantheon of 80s British music icons. But White Lies can offer more than just a touch of despair. Despite their channeling of influences, they are a far cry from entirely derivative. White Lies has in part made their name...
...traditional insurers must to cover potential losses. As the CDOs that AIG insured began to crater, the counterparties began asking for more collateral to back their policies, which was written into the contracts. Cassano said in August 2007 that he couldn't imagine a situation in which AIG would "lose one dollar in any of these transactions." He was right. AIG didn't lose a dollar; it lost billions of them...
...starting point of the rally in the bank's shares is when its CEO said that it has made money in the first two months of the year. It could still lose $10 billion this month. The market seems willing to ignore that. (See the 25 people to blame for the financial crisis...
Then I reconsidered. A Wells Fargo sales trip to Vegas - to name another recent, and recently canceled, source of Washington outrage - is a triviality. The AIG bonuses, on the other hand, are emblematic of the heads-I-win-tails-you-lose nature of Wall Street pay. This incentive structure was a major cause of our current crisis. It is an Important Thing, and the danger in the current Washington frenzy to do something is not that it will go too far but that it won't go far enough...
...When asked about his antics, Chiapinni explained to me that “It’s really a question of capitalism. Some win, some lose.” But, like the pleas of inefficient industries looking to the government for protection from foreign competition, his logic is flawed. The current system does not, in any way, resemble capitalism. In fact, it represents a kind of blind socialism in which a central planner distributes resources with no consideration for efficiency or equity and then walks away...