Word: sided
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...Sitting on the government's side of the table in the talks with Bank of America are officials from Treasury, the Fed, and the FDIC. The deposit insurance agency does not have to capital to bail out a lot of big banks. It has to worry about work-outs for smaller ones that are failing. The Fed is willing to lend big banks money for a short term. It is not likely to get into the business of trading cash for equity...
...other side of the aisle, many Republicans who voted for the first tranche of the TARP were leery about this second vote, because at least $23.4 billion of the initial outlay has been used, over their objections, to bail out the auto industry. Summers, in a separate letter earlier this week, pledged that any additional funds for the automakers would not come from the TARP monies. "There are some folks [on] our side who are open to being against this resolution, and if they can negotiate some language that would be acceptable, I think you can get some votes," said...
...attack might well be coming. During the Jackson Hole meetings, Geithner pressed the view that Fed policy was behind the curve; the problem in the credit markets was big and likely to get worse, and the Fed needed to get out in front of it, to err on the side of being aggressive. (See who's who in Barack Obama's White House...
...government has to date. Geithner has declined publicly to put a number on just how large a stimulus package the new Administration will seek after Obama takes office on Jan. 20. But associates say he has been emphatic about one thing: the Administration should err on the high side. The package should be big. How big is big? "Big enough," he has told friends. In this case, he believes, "prudence requires scale...
...much as each side seeks to spin the war as advancing their overall vision, Israel has yet to articulate a clear, workable exit plan that will achieve the war's objectives without reoccupying Gaza. Meanwhile, Hamas can stack civilian bodies like cordwood for the cameras and proclaim the virtues of its "steadfast resistance," but it has offered the Palestinians no explanation of how this fight will advance their national goals. To many a foreign journalist, then, this war conjures an image with which Joe the Plumber will be familiar: the proverbial pig whose nature can't be disguised...