Word: safe
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...making that statement, and at that time things had not gotten as bad as they are now. I do think people need to understand that we are there and their insured deposits are protected and come what may they don't need to worry about that. Overall, banks are safe and sound. Some consolidation activity always happens in a credit cycle like this. The stronger institutions take over the weaker institutions. We've already used [the FDIC's ability to act in the face of systemic risk] so people know we will do so again if we have...
...moderate sounding the alarm like you did in that speech and telling people that their money is safe? Right now we are getting into a confidence situation where even relatively healthy institutions are subject to liquidity stress just because nobody trusts anybody. I think the best way to tackle this is to tell people to have confidence in the system. We're asking Main Street depositors to have confidence in the banking system, and banks should have confidence in each other, too. Look at the numbers. Most banks still have strong capital and loan loss reserves. They have the capability...
...recent crisis provides an example of the dangers: as some foreign governments provided blanket guarantees for their deposits, money started to move to what looked like safe havens. Other countries had to respond. A few European governments have been far more thoughtful than the U.S. in figuring out what needs to be done. Even before the crisis turned global, French President Nicolas Sarkozy, in his address to the U.N. last month, called for a world summit to lay the foundations for more state regulation to replace the current laissez-faire approach. We may be at a new "Bretton Woods moment...
...journal Cell, scientists at Rutgers University describe a group of antibiotic compounds, first isolated decades ago from naturally occurring antibacterial substances in soil. Among them, researchers say, is a compound called myxopyronin that shows great promise. It has been synthesized in the lab and shown to be safe in animal trials, and although the drug hasn't been tested in humans yet, cell-based experiments suggest that it is potent enough to kill a wide range of stubborn bugs, including drug-resistant strains of tuberculosis and the deadly type of staph known as MRSA...
...problem is that other moves the government has made to render bank debt safer has had the unintended consequence of making Fannie and Freddie's bonds less safe by comparison. So Fannie and Freddie's investors have to be compensated for the increased risk. In particular, traders say, the move in the past week by the Federal Deposit Insurance Corp. to temporary offer unlimited deposit insurance for non-interest bearing accounts and guarantee roughly $1.4 trillion in new unsecured bank debt has caused a rush of selling of the bonds of Fannie and Freddie. That's because the FDIC...