Word: pays
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...deals the banks wanted to strike with AIG would have involved the insurer and the government giving up their right to reclaim the underlying bonds. Some have argued that would have led to a worse deal for AIG. Instead, the Federal Reserve decided to give AIG the money to pay off the CDS contracts in exchange for the soured bonds. As credit markets have rebounded, those investments, most of which were risky mortgage bonds, have risen in value...
...still questionable that the Federal Reserve saved taxpayers money by paying off Goldman and others in exchange for the bonds. The government gave AIG $29.6 billion to pay off the rest of its CDS contracts, acquiring the bonds in the process. Those bonds are now worth $23.5 billion. Either way, Uncle Sam winds...
...Canales that their son was paralyzed from the shoulders down. Eddie, the director of operations at the University of Texas at San Antonio bookstore, quit his job to tend to his son. He turned him over every two hours to prevent bedsores because the insurance company initially refused to pay for a pressure-supported mattress. He inserted a catheter every three hours. He gave Chris medications every six hours. He slept on the floor next to Chris. His care commenced at 7:30 a.m. and did not end until 3:30 the following morning. He fought with the insurance company...
...peril. We hear about scandals involving AIG, the New York Federal Reserve, Fannie Mae, Freddie Mac, Goldman Sachs, Citigroup, Bank of America—there are too many to list. We listen helplessly to members of congressional oversight panels who condemn them with their voices but continue to pay them with our money. Unemployment has risen to 10 percent. And now, they want our health-care...
...song being sung across America is about the audacity of the voters. Ignore them at your peril. At the end of the day, those who put you in power have the power. We are the people of the United States and we have had enough. The president can pay for his own walk—a walk that will lead from the White House all the way back to Chicago in 2012. Congress can tremble knowing the “audacity of hope” might indeed be God’s greatest gift to us, but the greatest gift...