Word: pots
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Dates: during 2000-2009
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Starting in January, the National Credit Union Administration (NCUA) will tap a $41.5 billion pot of money approved by Congress in September to feed liquidity into corporate credit unions faced with mounting losses on securities tied to home loans and other lending. Corporate credit unions act as banks to retail credit unions, which are the institutions consumers interact with. In addition, the plan provides $2 billion for retail credit unions to cut interest rates on mortgages held by homeowners struggling to make payments. All of the funding is structured as loans and is due to be paid back. (See TIME...
...urging that it come out of a $25 billion loan package Congress approved in September that the automakers were supposed to use to retool their assembly lines to build more fuel-efficient vehicles. Democratic Congressional leaders have wanted the cash to come instead from the $700 billion financial rescue pot they gave Treasury Secretary Hank Paulson in October - which is why the auto executives found themselves in the strange position of pleading their case before the House and Senate banking committees...
During Friday's House Financial Services Committee hearing, Michigan Republican Thaddeus McCotter proposed what he called a "Solomonic approach" - taking half the money from each pot. By Friday night, Democratic Congressional leaders were signaling that they were ready to cede ground and take all the funding from the $25 million loan program, on the assumption that they can replenish it later. But even if that flies, there remain a lot of big questions about how it would work...
...decribed as Aesop-like children's stories to be read to little wizarding kids. "Oh come on!" Ron says - he can't quite believe it. "All the old kids' stories are supposed to be Beedle's, aren't they? 'The Fountain of Fair Fortune'...'The Wizard and the Hopping Pot'...'Babbitty Rabbitty and Her Cackling Stump...
...triple spacing and margins into which you could fit a Hungarian Horntail. None of the stories in it are bad - I don't think J.K. Rowling knows how to be less than charming in print - but they do vary in quality. The first tale, "The Wizard and the Hopping Pot," is the worst, a grimly heartwarming trifle about how you should be nice to Muggles. "Babbitty Rabbitty and Her Cackling Stump," a variant on the emperor's new clothes, isn't much more successful, though it was a relief to me to learn that the stump in question...