Word: rounding
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...Treasury has already been through a round of throwing money at financial firms in exchange for equity and the possible right of making sure bank executives get the salaries they deserve rather than the ones their boards give them...
...stage for a sustained advance. But there are special risks related to any such swoon this time around: Bank stocks are among the market's weakest, and a further drop in their shares could place these institutions in jeopardy. Further, another steep decline in stocks could trigger a new round of redemptions from hedge funds, which in turn could lead to more selling...
...there will be winners and losers; it's impossible to stimulate everyone equally. In two years, if the recession is over, skeptics will claim it would have ended regardless of the stimulus. If it lingers, proponents will credit the stimulus for preventing a drearier outcome. As with the first round of the financial bailout, its most important short-term effect will probably be psychological, calming markets by sending a message of government engagement...
...think the judge decided to allow Madoff to remain out on bail? Because the conditions already imposed on Madoff are quite stringent. He is on a 24-hour house arrest with an electronic bracelet and round-the-clock monitoring of his building by a security firm. That's as strict as you can get without detention. Also, the terms of the bail in the civil case, not the criminal case, prohibited Madoff from moving assets. Monday's bail hearing pertained to the criminal case...
Still, candidates for the Iraqi National Accord, Iraq's second largest secular party after the Kurdish bloc, say they see a window of opportunity. As Iraq moves toward its first round of nationwide elections in nearly four years, a complex political map of new parties and fluid, cross-sectarian alliances suggest that the country may be slowly moving beyond the Shi'ite-Sunni divide that characterized the post-Saddam Hussein politics of previous years...