Word: restartable
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...step ahead of the news Geithner caused himself so much grief by not being on top of the bonuses, even though many on his staff and on Capitol Hill knew for months they were coming. Clearly, Geithner is a busy guy, what with managing a collapsing economy, trying to restart the credit system and dealing with China, Europe and other representatives of the global marketplace as the recession spreads. And he hasn't exactly had an easy time hiring staff, with three top appointees withdrawing their names from consideration in the past month. "I knew that...
...dispute may be in sight, though. Obama's Transportation Secretary, Ray LaHood, met with U.S. lawmakers Tuesday, saying he planned to restart the pilot program with sufficient safety requirements imposed on Mexican truckers. Though key American Representatives have yet to sign on to LaHood's initiative, Ruiz said the same day that Mexico would remove the tariffs to reciprocate if the program were reinstituted. "For us, the solution is to go on with the program that we had," he said. "In the moment the United States returns to its commitments, we will eliminate all the tariffs we imposed." Clinton...
Second, Geithner said the still-nascent Federal Reserve program launched last week to restart non-bank commercial lending [i.e., by helping investors buy securities backed by auto loans, credit card debt, etc.] would be expanded to provide funding for investors who want to buy certain kinds of mortgage-backed securities. The government's enthusiasm for the starter plan, known as "TALF," has outstripped market enthusiasm, but there is some life in it. The Federal Reserve has put up over a $1 trillion in potential lending already, though only $9 billion in deals have been done so far. Geithner...
...that helping worthy people who cannot pay their mortgages with their home loans will stabilize the housing market. The Fed's plan to buy as much as $300 billion in Treasuries may bring down interest rates, but that will not automatically cause businesses and consumers to borrow money and restart the spending cycles that, to some extent, caused the current financial crisis...
...Bank stock bulls rest much of their case on the fact the write-offs at financial firms are slowing and the Fed is putting enough money into the credit system to restart the normal cycle of borrowing and lending. That may well be true. Those pushing bank stocks as a great investment would also say that, even though a stock like Citigroup (C) has had a great run, it is down 90% from its 52-week high. That makes it a bargain...