Word: staves
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...build on toward a harmonization of the E.U.'s finance sector. Regulation of banks and credit groups is still handled on the national level, and even national banks of euro-zone countries still have some decision-making power. Given that disunity, governments have little option beyond national action to stave off company meltdowns and any broader temptation to make a run on their banks...
Around 12:30 a.m. Sunday morning, House Speaker Nancy Pelosi announced the fundamentals of a deal between House and Senate leaders and Treasury Secretary Henry Paulson to stave off financial collapse on Wall Street after a week of frenzied Hill wrangling. Declaring the $700 billion bailout plan "a way to insulate Main Street and everyday Americans from the crisis on Wall Street," Pelosi unveiled the deal with House Republican Whip Roy Blunt and the ranking Republican from the Senate banking committee, Judd Gregg, as well as Paulson and other Democratic leaders...
...Fuld is done with the grueling job of trying to stave off financial crisis. Not so for regulators, of course. It's difficult to imagine the pressure and stress. Key players such as Treasury Secretary Hank Paulson and New York Fed chief Tim Geithner have been working around the clock for weeks now, putting out fire after fire. Besides having to comprehend and solve the mind-bending financial woes of some of the world's biggest companies, they are also briefing and seeking counsel from CEOs of the surviving companies, never mind President George W. Bush and the two presidential...
...better way to view the Frannie takeover is as an attempt to prevent the housing bust from getting dramatically worse and to stave off financial collapse. The companies' combined share of new mortgages rose as high as 80% earlier this year as other lenders retrenched. The percentage has dropped somewhat since, says FHFA Director James Lockhart, but if either Fannie or Freddie had to stop buying mortgages, rates would clearly skyrocket. If either firm actually defaulted on its debts or MBS guarantees, the consequences might be catastrophic. Why's that? Read...
...confronted widening opposition at home, Musharraf faced a key challenge emanating from overseas when his term ended last November. Washington appeared to have negotiated a compromise political deal in which Musharraf would share power with Benazir Bhutto, in an alliance that the U.S. hoped would stave off domestic opposition and strengthen Musharraf's ability to confront radicalism. But the deal floundered even before Bhutto's assassination last December. The general, once a symbol of the power of the military, had begun to believe that he was indispensable, and had moved to ride roughshod over all constitutional and legal challenges...