Word: monday
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...which they offer great deals on a couple of things in the hopes of getting enough people in the door so they can move the crap too? That's sort of what the Treasury Department and Tim Geithner are doing with the bank plan that was rolled out on Monday...
...plan has three parts. Most people have focused on the first part, which is run by the reliable Federal Deposit Insurance Corp. (FDIC) and about which Geithner provided the most detail on Monday. It covers not the complex bundled loans that have received much attention in the media but troubled loans, like mortgages that haven't been paid for three months or more. The plan offers very favorable financing for private investors who want to buy them. In an example provided by the Treasury, an investor would pay as little as $6 for a loan that had an original value...
...nation's biggest banks and financial markets back to health? It's not clear. The plan leaves out tens of billions of dollars in bonds that were never AAA-rated and were hard to sell even in good times. The plan triggered a strongly positive stock-market reaction on Monday, when the Dow Jones industrials soared nearly 500 points. On Tuesday the market slipped 1.5%, as doubts about a speedy bank recovery began to take shape...
...Cambridge City Council unanimously approved a resolution last Monday night asking Harvard and MIT not to lay off low-wage workers, following recent staff cuts and hours reductions by cleaning companies subcontracted by Harvard...
...That mounting pressure pushed Prime Minister Ferenc Gyurcsany to announce Saturday that he would step down. At first, friends and enemies alike wondered if it was a trick by the wily politician to bolster the besieged government. But on Monday Gyurcsany said his resignation was permanent. "I hear that I am the obstacle to the cooperation required for changes," he reportedly stated at a congress of his Socialist party (MSzP) over the weekend. "If so, then I am eliminating this obstacle...