Word: move
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...willingness to eat up toxic mortgage-backed assets stuck on bank balance sheets could help temporarily improve those banks' standing, but there's no certainty it will adequately ease the flow of lending in a market permeated by fear of further failures. In fact, the Federal Reserve's move Tuesday to take an active role in the commercial paper market for short-term loans was a tacit acknowledgement that the bailout bill will not on its own stem the bleeding...
...even the unprecedented Fed decision was quickly discounted by the market. Chris Low, chief economist of FTN Financial, said buying commercial paper was a "very good move," but explained that "investors almost have to see things work now before they'll believe them." In particular, Low pointed out, investors may want to be sure that this year's bailout shows results - unlike last year's Master Liquidity Enhancement Conduit, which was an attempt to solve the subprime crisis by three private banks (Citigroup, JP Morgan Chase and Bank of America) using private money - essentially what Treasury Secretary Hank Paulson hopes...
...those who work on Wall Street, most of whom are considered middle class. Those who got rich off the real estate boom haven't had to share any of the blame. So what if they made millions? So what if speculators were flipping houses without ever intending to move into them? So what if people took out numerous credit cards and bought homes they couldn't afford? I had nothing to do with these securitizations, yet my children, my grandchildren and I will be paying for all of it over the next 30 years, thanks to the Fed's bailout...
...injury factor] is what it is,” he said. “We still have to move forward and get to the point where we’re training as hard as possible...
...prognosis seemed to worsen for Europe's banks, governments rushed to calm the public by promising new guarantees for their savings. On Sunday, Germany said it would back up all private savings deposits and many other savings schemes - a move that could cover some $785 billion but for which details are still sketchy...