Word: pauls
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How/why is this situation different from investors simply losing their money because of bad judgment about what to invest in? Can I get bailed out when my portfolio tanks? It's a variant on the old saw (often attributed to J. Paul Getty, although I'm sure somebody must have said something like it before him): "If you owe the bank $100, that's your problem. If you owe the bank $100 million, that's the bank's problem." Leveraged financial institutions (banks, investment banks, hedge funds) make investments with lots of borrowed money, so when their portfolios tank they...
...unless your FICO score is north of 700, whereas six months or a year ago, a score as low as 620 would have gotten you behind the wheel. "Some of this just represents moving back to standards that were in place five or six years ago," says Paul Taylor, chief economist at the National Automobile Dealers Association. "But if you're a customer, not getting credit you could've gotten a year before looks like a credit crunch...
...bailout. Mr. Market was a very unhappy camper, dropping 777 points and change - or $1.2 trillion in market value. "This is a huge cow patty with a piece of marshmallow stuck in the middle of it, and I am not going to eat that cow patty," vowed Representative Paul Broun, Republican of Georgia...
...Massachusetts Republican party is “alive and well” and “poised to take the governorship in two years,” said former Massachusetts Governor A. Paul Cellucci last night while speaking for a joint event held by the Harvard Republican Club and the Harvard Law Republicans. Cellucci, who is also the former U.S. ambassador to Canada, spoke for a little over an hour in Emerson Hall in an event attended by students from colleges throughout the Boston area. His remarks hit on the current presidential race, the state of the Massachusetts Republican party...
...universities’ names were mentioned in both print and electronic global media over the past nine months. Indicating that prestige and media coverage seem to be correlated, six of the universities on the Global Language Monitor list also made the U.S. News top ten. Global Language Monitor President Paul Payack said yesterday that he expected the popularity of university athletic programs to be a larger factor in his rankings. “The number one criteria is academic reputation,” Payack said. “Sports were a much smaller influence than you would think...