Word: safe
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...more misleading they can be. Selling the dollar short because of the financial crisis is not a sure bet. All economic news is relative, and right now the news is bad all over the world. Over the next several months, the greenback could even begin to look like a safe harbor in the midst of the global economic storm...
...sells annuities--insurance products that trade off risk and the potentially higher returns that stocks or bonds offer in exchange for a guaranteed payback. (Most annuities are guaranteed by state insurance regulators.) Investors who wouldn't know an annuity from a pineapple are asking one question: Is my money safe...
...Geithner, head of the New York Federal Reserve, trying to cut a deal that would get the money flowing to the big banks but would also generate enough in insurance premiums to protect the FDIC and thus the individual deposits that millions of Americans think of as safe. Paulson had asked the FDIC to stand behind loans between banks. To Bair, that meant a whole new category of risks on her ledger and the prospect of greater FDIC payouts if the big banks cratered. In the end, Paulson and Geithner agreed to Bair's demand for higher insurance fees from...
...perfect record of returning every penny of every insured depositor's money, and Bair has preserved that record through 15 bank failures this year. That's partly because the FDIC by law gets to tap a failed bank's assets before any other creditors get a crack at the safe...
...security of her own agency. "When the President says we're facing a systemic problem, should you really worry that you're not going to get your fund topped up by Congress?" asks one. But Bair knows that her chief role is to reassure everyday investors. "Your money is safe in the bank if it's FDIC-insured," she says. That's good. Because in the coming months, there may be many more modern-day Lydia Lobsigers...