Word: propping
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...Sept. 29 alone, governments from Germany to Iceland rushed to prop up five ailing financial institutions with huge cash infusions or full-blown nationalization, making it one of the grimmest days in the history of European finance. Among the high-profile casualties were Fortis, Belgium's largest bank; the venerable British mortgage lender Bradford & Bingley; and Germany's Hypo Real Estate, which has a massive $560 billion balance sheet and is a big player in the domestic securities market. As the governments stepped in, the message they sent to the public was supposed to be reassuring: Don't panic - your...
...into the very problem that underlies the financial meltdown in the first place. At every level of American life - from the struggling homeowner who can't afford his mortgage to the failing investment banks that can't meet their collateral requirements to the Federal Government, which can't prop up the drooping dollar - the bottom line is that we've borrowed too much money. We're all over-leveraged...
...that you publish such disparaging rubbish about Sasol. Perry's pernicious tone is an attempt to blacken Sasol's achievements. Sasol technology is being used in several countries around the world because it is the most advanced. Sasol gasoline and diesel has never been produced in sufficient quantity to prop up any government. Contrary to Perry's comments, CTL and GTL fuels are likely to play a major role in the future. This is why so many different countries are commissioning plants to produce them. Why didn't Perry look a little deeper into what Sasol is doing to reduce...
...want to keep at $1 per share. "The investors are almost as important as the investments here," says Peter Crane, money fund expert and CEO of Crane Data. "A full-blown run would be perilous." That's why the Treasury stepped in with its guarantee program - to help prop up the price of any money market that needs it, and prevent investor confidence from being undermined...
...Will more companies have to step in and prop up the value of their money market funds? Probably. Will more funds break the buck? Maybe. But short of having all your money in FDIC-insured bank accounts, which most likely carry lower yields, there aren't that many options that are safer...