Word: plan
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...Under the current plan being hawked by Paulson and the Bush administration, that astronomical sum would be used to buy up bad debt from ailing institutions in order to clean up their balance sheets. The criticisms of the plan are legion, but one irksome feature is that the banks that made the worst mistakes are in line to get the most help, providing little incentive for future managers to mend their ways. And all taxpayers would get for their rescue money is a mountain of toxic loans of highly dubious value...
...Paulson's current plan exacts no such a price from the financial institutions it proposes to bail out; the idea has not been publicly discussed by either the Congress of the Bush Administration. But it ought not be considered ideologically beyond the pale, since the U.S. government did get equity stakes when it bailed out mortgage giants Fannie Mae and Freddie Mac, as it did last week for AIG, the world's largest insurance company...
Over time, MySpace says its library will grow and be competitive with those of Rhapsody and iTunes, something that music industry insiders say is part of the Grand Plan for music. "A healthy ecosystem - that's all we want," my friend says. "Music as a utility." In other words, the labels want to see the same library of music available everywhere, in every possible way: for free and by subscription; streaming from sites and pay-per-download; locked and unlocked. Let the best business model win! The labels make money every which way. Indeed, both Sony Ericsson and its rival...
...working with the Federal Reserve to frame a deliberately vague proposal that could make it through Congress. The key issue was to get something that could pass, and quickly, as failure would produce a panic that would be unstoppable. What they came up with was the broad, three-page plan giving the Treasury $700 billion to buy back Wall Street's toxic mortgage-backed assets and eventually repackage and sell them...
...shortage of grousing on Capitol Hill on both sides of the aisle. Democrats are happy to paint Republicans and the Bush Administration as disproportionately interested in Wall Street fat cats. But the Dems also know that they can come out on top by passing, with some alterations, a plan that is fundamentally in line with their philosophical approach to government regulation of the market. Republicans, for their part, quietly hate the proposal but can't get in the way of it this close to an election. "They think the market's going to melt down and we're going...