Word: moneyitis
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...Deposited at an orphanage by her father as a child in 1893, she stares at the nuns around her, downloading the crisp whites of their wimples for future use. When she's apprenticed to a hosiery maker and trying to make money on the side singing in bars with Adrienne Chanel (Marie Gillain, playing a composite of Chanel's aunt and her sister), she rips apart a corset, giving Adrienne's lush body a chance to move within the clothing. As a young woman, vacationing with her lover at the beach, she covets the simplicity of the striped sweaters...
...government's continued assistance to the financial sector comes at a time when the prospects of many banks are improving and most economists believe the financial crisis has largely ended. Earnings at a number of large banks are rising again, and some smaller banks have been able to raise money on their own. Since the end of June, at least 15 small or regional banks have together raised more than $1 billion in stock offerings, without the assistance of the government, according to research firm SNL Financial. Some banks have already paid back the money they got from the government...
What's more, many of the banks getting money now appear to be in fine financial shape. U.S. Century Bank, for example, boosted its net interest earnings, a key measure of profitability for banks, nearly 20%, to $12.6 million, in the second quarter of this year. Yet in early August the government decided to send the bank $50.2 million in TARP funds. U.S. Century executives say they plan to use the money to increase lending and boost profits. "The banks that are getting the TARP money now really don't need it," says Steve Verdier, who heads government affairs...
...Treasury Department says the TARP funds were never meant to solely prop up failing banks. In fact, officials say one of the criteria for getting funds under the TARP's Capital Purchase Program, in which the government injects money into a bank in return for preferred shares, is proof that a bank could survive on its own. While the Treasury is winding down some of its programs meant to assist the financial sector, it has no plans to end the TARP program early. The Treasury Department says it is still getting new requests from banks for TARP funds. (Small banks...
...these options out, but they may well change their minds after the elections. The dark-red color of Die Linke (the Left), an amalgamation of former East German communists and disgruntled SPD members, is not expected to feature in any potential lineup. (See pictures of the dangers of printing money in Germany...