Word: prospection
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...Most importantly, the government stipulated that in order to become eligible for government funding, banks would have to give up something - namely equity - in return. In the case of one leading bank, the mere prospect of the government taking a stake was enough to persuade shareholders to dig deeper and raise money on their own. For the rest, the government was able, once the markets rebounded, to sell off the stakes it had acquired, making a profit that was effectively returned to taxpayers' coffers. At one point the government controlled more than 20% of the entire banking system...
...MacArthur Foundation hopes the Fellows will take their work to a “new level,” a prospect that Wilson said she finds intimidating...
...would grant credit to an applicant with more than a 33% debt-to-income level. French banks have also always favored fixed-rate mortgages over more enticing but perilous variable-rate loans. The French real estate market is slowing, but the more prudent approach of French banks lessens the prospect of foreclosures, which have haunted millions in the U.S. and are one major origin of the current crisis. That's hardly a reason for smugness, either, though, since there's scant evidence that enlightened domestic practices in France or anywhere else can ward off contagion from a global meltdown...
Becker noted that the intellectual intensity of the one-on-one tutorial could be daunting to some students faced with the prospect of two-hour conversations with their tutor...
Those who had, however, said they were excited by the prospect of seeing him at Harvard...