Word: rightfulness
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What's more, the deals the banks wanted to strike with AIG would have involved the insurer and the government giving up their right to reclaim the underlying bonds. Some have argued that would have led to a worse deal for AIG. Instead, the Federal Reserve decided to give AIG the money to pay off the CDS contracts in exchange for the soured bonds. As credit markets have rebounded, those investments, most of which were risky mortgage bonds, have risen in value...
Opposition to Bernanke has emerged from both the left and the right. Seventeen senators said they would oppose Bernanke or are leaning in that direction, but only 36 were committed to or leaning toward approving his nomination, according to a Reuters poll released Monday...
While Stock blamed the Bush administration and Department of the Treasury for clumsy fiscal management of the economic crisis, he described Bernanke’s aggressive monetary policies as having “a strong theoretical foundation” and being “the right way to pursue the problem...
...Generally, people really wanted to find a way to help their colleagues who are going through a really tough time right now,” Galvin said...
We’ve already got a holiday, right...