Word: solvently
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...front-runners such as Sen. Hillary Clinton, Mitt Romney, and Rudy Giuliani. Clinton won’t admit her vote to authorize the war in Iraq was a mistake. She rejects all questions involving hypothetical situations, and refuses to offer specifics on how she would make social security financially solvent. Romney has shifted his opinion on abortion, gay marriage and everything in between. When asked why his sons were not serving in the armed forces, he responded that they were helping their country by campaigning for him. Giuliani has tried to bolster his conservative credentials by obfuscating any former liberal...
That's left Northern Rock hanging. But while the bank may have been brazen to rely so heavily on the markets, as a solvent lender with a good quality loan book, the hit it has taken from the subprime mess was unexpected. While French, German and Dutch banks have come clean in recent weeks over their direct exposure to low-quality U.S. real estate loans, it was the barren money markets those loans helped create that upset Northern Rock's model...
...fact that Northern Rock has never really been in serious danger of going bust throughout this crisis scarcely mattered amid the clamor to withdraw funds. "When people hear the words 'emergency' and 'bail out,' then concerns outweigh those statements saying 'the bank's solvent,' " says Nic Clarke, a banking analyst at Charles Stanley in London. "It doesn't really matter if the rationale is right or wrong - they're voting with their feet...
...jitters among savers? "When people hear the words 'emergency' and 'bail out,' then concerns outweigh statements saying 'the bank's solvent,'" says Nic Clarke, banking analyst at Charles Stanley in London. "When it comes to their life savings, when they've got the choice of seven or eight other banks in the High Street where they can walk next door and deposit funds and consider them safe, the majority will do it. It doesn't really matter if the rationale is right or wrong, they're voting with their feet...
...quality" in a statement issued jointly with the Bank of England and the U.K. Treasury last week. And though it's not yet clear how big the Bank of England's lifeline is, the central bank's cash means savers' own deposits are safe. "We are a well capitalized, solvent and viable business," Northern Rock CEO Adam Applegarth told the BBC early Monday...