Word: rest
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What should Washington be doing? We need to do something about firms that are too big to fail. These firms have become loss transmitters and accelerators to the rest of the system. We need to distribute the risk, not concentrate it in a few very large players. There are a number of ways to do that...
Wall Street also seems unhappy about a fee for being big. Financial executives don't like the idea of having to pay a too-big-to-fail tax, but nonetheless I think they get it. Banks pay for deposit insurance - this just extends the idea to the rest of the bank's liabilities, which get covered by implicit too-big-to-fail guarantees. What a lot of firms don't like is the idea of having to pay a financial-crisis-responsibility fee for the next decade, as Obama has proposed to recoup TARP loans to AIG, the auto industry...
...that beyond proposing $69 billion in cost-cutting measures over the next four years. Last month, French officials somehow managed to sound proud when they announced that France's 2009 deficit of 7.9% was lower than the expected 8.2% - and that they would hold it below 8.2% for the rest of this year. (Read "Why Greece Could Be the Next Dubai...
Junior forward Kate Buesser and the Crimson offense took care of the rest, displaying more efficiency than its counterpart. Despite being outshot 38-28, Harvard found the back of the net four times, with Buesser scoring twice...
...focus now is finishing the season with an Ivy championship,” Robinson echoed. “We have dominated in all our other meets, so I think the rest of our season...