Word: sam
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...horror show, as if Stephen King were channeling Alan Greenspan to produce scary stories full of negative numbers. One weekend, the Federal Government swallows two gigantic mortgage companies and dumps more than $5 trillion - yes, with a t - of the firms' debt onto taxpayers, nearly doubling the amount Uncle Sam owes to his lenders. While we're trying to get our heads around what amounts to the biggest debt transfer since money was created, Lehman Brothers goes broke, and Merrill Lynch feels compelled to shack up with Bank of America to avoid a similar fate. Then, having sworn off bailouts...
...Uncle Sam Steps Back In The market lost faith in AIG too, but the government was forced to save it. A major reason is that AIG is one of the creators of the aforementioned credit-default swaps. What are those, you ask? They're pixie-dust securities that supposedly offer insurance against a company defaulting on its obligations. If you buy $10 million of GM bonds, for instance, you might hedge your bet by buying a $10 million CDS from AIG. In return for that premium - which changes day to day - AIG agrees to give you $10 million should...
...them) and stay away from the area behind the DJ booth. But Shields wasn’t the only center of attention. At one point in the evening, eight unself-conscious freshmen squared off in a contest for an iPod touch. The competitor with the most applause was Sam From Grays (otherwise known as Sam O. French ’12), a Londoner who said he was “happy to show these Americans how to dance.” Careful, Sam: Shields said “he should call me up because I want to challenge...
Reggaeton star DADDY YANKEE endorses McCAIN. Confused McCain looks for Uncle Sam impersonator...
Beyond the verbal gaffes during both of his presidential campaigns, Biden stunned his supporters, and delighted his opponents, during the Supreme Court confirmation hearings of John Robert and Sam Alito, President Bush's conservative nominees for the high court. In preparing for the public sessions, Biden's advisers warned him repeatedly not to let his verbose ways dominate the proceedings. Be crisp and clear and concise, they told him over and over during practice sessions. And yet when the lights and cameras were on, Biden was at his very worst - long-winded, self-involved, and off message...