Word: marketed
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Dates: during 2000-2009
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...government hopes to revive securitizations by luring buyers back into the market. To do so, the TALF program offers cheap loans to investors who want to buy bonds backed by consumer loans. Even better, some of the TALF loans won't have to be paid back. If the bonds pay as expected, investors will have to repay the government loans with interest. But if the bonds go bust, investors are off the hook, after losing the small down payment they made on the original loan. To limit taxpayer losses, the government is going to make loans only against bonds rated...
...Arguing that today's financial market chaos came out of nowhere will be key to Myerson's case. While Pointer, his lawyer, claimed in court recent events were indeed "unforeseeable and unforeseen", Nicholas Mostyn, representing Myerson's ex-wife, hit back that "the present downturn was totally foreseeable and indeed well under way" at the time of the couple's settlement a year ago. Moreover, Mostyn argued, as a fund manager, Brian Myerson knew as well as anyone that shares can go up as well as well as down. "He agreed in exchange for having a majority of the assets...
...There is an irony to how the ostensibly free-market U.S. has just signed off on a $787 billion stimulus package - equivalent to about 5.5% of total GDP (2.0% for 2009) - while the supposedly interventionist E.U. has struggled to scratch together programs worth 0.9% of its total GDP. The E.U.'s reticence is partly due to fears that piling up debts and deficits to fight the collapse in output and jobs could destabilize the euro zone. It also reflects Europe's confidence that its economies are more resilient to the banking and housing collapses that have hit the U.S., while...
...market rally over the last few days based its activity on just a few events, but the press and investors have grabbed them and are holding on for dear life...
...least respected executives in the recent history of Wall St. Vikram Pandit, who many think ran Citigroup (C) into the ground. He said recently that the bank had been profitable for the first two months of the year. If this week marks the bottom of the stock market and the beginning of the end of the recession, his words will join "Remember The Alamo" and "The British Are Coming" in the history books. (See the 25 people to blame for the financial crisis...