Word: printings
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...explains. Not only that: "the disclosure has to be made so that a 'reasonable,' or average man can decide" whether to buy. Once again, almost the entire chain of transactors in the mortgage crisis is guilty: predatory brokers for not alerting working-class borrowers to the fine print; middle-men selling mortgage debt to investment banks sliced and diced into "tranches" that obscure their riskiness; bankers who used hard-to-fathom financial instruments that leave ultimate responsibility for a loan a mystery even to experts. Like many observers, Levine is particularly exercized about credit default swaps, a largely unregulated field...
...really participate in the big dialogue of literature. That ignorance is restraining." His remarks may have been a reference to the fact that the works of Jean-Marie Gustave Le Clézio, who today was awarded the 2008 Nobel Prize for Literature, are almost entirely out of print in the U.S. In its characteristically florid prose, the Nobel citation describes Le Clézio as an "author of new departures, poetic adventure and sensual ecstasy, explorer of a humanity beyond and below the reigning civilization." The sound of America's literary journalists searching Wikipedia en masse is deafening...
...turnaround? It comes down to this: Banks need money. The U.S. government has it. Or can print it. So in addition to the end-around plans to buy mortgage securities and other toxic assets that Paulson and Fed Reserve Chairman Ben Bernanke have been devising, why not go with a more direct approach...
...Organizing a successful fair takes more time than people realize,” Cannon said. “We try to utilize resources as efficiently as we can. Much thought goes into pulling it off.” She cited predicting the optimal number of flyers to print and synchronizing all the health services together as examples of the careful planning. “It’s very nice of the staff to take time out of their schedule to talk to the students and faculty,” she said...
...financial system” and a well-known executive exclaimed on the pages of The Financial Times that “Greenspan’s sins return to haunt us.” Finger-pointing, whining and semi-fake expressions of compassion with homeowners are all mixed in print and the airwaves with serious analysis. A surefire recipe for confusion has thus emerged. Although many seem to enjoy suggesting that the present state is disastrous or worse, certainly not all have jumped on the bandwagon...