Word: resoldered
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...ailing U.S. automakers would receive a shot in the arm - potentially worth up to 2 million additional sales a year - while polluting cars would be taken off the road and replaced with more efficient ones. (All cash-for-clunkers programs require the old cars to be scrapped rather than resold.) "There are significant environmental advantages and substantive benefits for the auto sector," says Benjamin Goldstein, a policy analyst for left-leaning think tank the Center for American Progress. "This goes right for the source of the problem, for vehicles sales...
...Across America, 15,000 primates serve human masters as exotic pets. Only 20 states prohibit the practice, and there is no federal law against it. Given that primates often live beyond 50 years of age, many of these simian pets will be resold repeatedly, journeying in airplane holds across the country to enter new and unfamiliar homes...
...obstacles, TALF could succeed in restoring the secondary market for ABS. Although rating agencies have yet to demonstrate that they can accurately assess the credit risk of these instruments, changes in the economy or regulatory action could alter this perception. And in the secondary market, buyers' concerns of ABS resold by investors may be mollified by their ability to secure relevant data on the underlying assets. For home loans, which will be eligible for securitization in future versions of TARP, this data could include the average FICO score of the borrowers, location of the property, the loan-to-value ratio...
During the banking crisis of 1992, Sweden forced its banks to write down all of its toxic assets, took an equity stake in a handful of the largest banks at the cost of their shareholders, and eventually resold the healthy assets on the public market. Since the government held the reckless banks and their shareholders accountable, some officials say that, after the banks were reprivatized, the total cost of the bailout was close to zero...
...most of the time, but sometimes they are meaner, saying we are thieves, criminals. It has never been easy work," he says. Gonzalez is one of an estimated 100,000 people in Peru who make a living diving through garbage to collect refuse - paper, metal, glass - that can be resold for a profit. It is a hardscrabble life, but one thing positive may now be handed to him and his fellow trash sifters: a new name for their profession...