Word: overbidding
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...market prices because the markets for many debt securities are so clearly broken. But the prices prevailing in a smoothly functioning government-subsidized market will be hard to ignore. This has led to speculation in the economics blogosphere that banks might game the program by conniving with investors to overbid for assets. That's not inconceivable, but it would be hard to pull off. Which means banks may be headed for a shakeout...
...there is any comfort for Democrats, it is in their experience that when it comes to Bill Clinton, Republicans have never failed to overbid a good hand. The first evidence that this could be a replay of scandals past came when Pennsylvania Senator Arlen Specter raised the possibility of a postseason impeachment trial. And Indiana Congressman Dan Burton's committee, already on its second round of subpoenas, is the same crowd that got nowhere on Whitewater, Filegate, Travelgate and a raft of other Clinton scandals over the years. More ominous for Clinton is the inquiry that U.S. Attorney White announced...
...oddly compelling to watch network television die. Executives whine about straying advertisers, overbid on sports and berate the Nielsens. Best of all, they're willing to air just about anything. You've got footage of a family caught on top of a rampaging circus elephant? A man urinating in the office coffee pot? Twentysomethings shooting milk out of their tear ducts for distance? The nets can probably squeeze any of that in the slot between DiResta and Malcolm & Eddie. Cable used to be the frat basement of television, full of "Skinemax" and foul-mouthed comics, but now you turn...
...Guerin announced plans to turn over his shares to an amalgam of underground outfits for sale to blacks, poor whites, Indians and Chicanos so that underprivileged citizens could be represented at News stockholder meetings. Envisioning vociferous claques disrupting the normally decorous deliberations, the News quietly offered Guerin a handsome overbid for his 400 shares, and Guerin just as quietly accepted. Both sides profited; Guerin made money and the News kept its closely held stock out of alien hands...
...state in which economics is second to politics. Russia can overbid for raw materials, ignore market prices to compete, even take heavy losses to win friends. Says Central Intelligence