Word: maes
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...stemming the financial crisis continues to soar. The U.S. Federal Reserve has already sunk more than $800 billion into the financial system; the Treasury Department is committed to the $700 billion bailout package in addition to the $200 billion being spent to prop up Freddie Mac and Fannie Mae; rescuing AIG may cost more than $120 billion. With the already lofty U.S. budget deficit now expected to top $1 trillion next year and recession a virtual certainty, you'd expect America's currency to be taking a beating...
...sounds of ABBA, Vanessa Mae, and Phantom of the Opera filled the Bright Hockey Center as champion figure skaters dazzled and twirled at the 39th “An Evening with Champions” performances on Friday and Saturday...
...been in charge of keeping track of all the new debt taxpayers have assumed recently, including open-ended loans to financial institutions and companies. They joined Kashkari's counterpart at the Office of Financial Institutions, David Nason, 38, who has been overseeing the titanic nationalization of Fannie Mae and Freddie Mac, as well as the broad new program insuring money-market funds announced Sept...
...This system was designed for plain vanilla loans, and we were trying to push chocolate sundaes through the gears.' MARC GOTT, former director in Fannie Mae's loan-servicing department, explaining the company's collapse...
...clear in the second question of the debate - a fellow named Oliver Clark wanted to know how the Wall Street bailout would help his friends who were in trouble. McCain's answer was all over the place and obscure in a classic Washington way; he detoured into blaming Fannie Mae and Freddy Mac and pointing his finger at Obama and "his cronies" for supporting those two incomprehensible institutions. Obama, by contrast, brought the bailout home in simple language: "Well, Oliver, first, let me tell you what's in the rescue package for you. Right now, the credit markets are frozen...