Word: stocked
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...Great Depression started out with a stock market bubble that burst in 1929, as the world was going into a nice recession. Then the government started making mistakes. They passed the Smoot-Hawley tariff, they raised taxes, they became very protectionist, and the next thing you know we had the Great Depression. In Europe they made solvent banks take over insolvent banks with the result that both [kinds of] banks failed. This has all been done before. History is - I don't like saying it, but it's repeating itself. Governments are making the same old mistakes...
...deal with bondholders may be more bleak. As part of its offer to bondholders, presented Monday, GM is offering to exchange 225 common shares for each $1,000 of principal amount of bonds. The offer covers $27.5 billion of bonds, and based on the recent price of GM stock would result in bondholders receiving less than 40% of a bond's original face value. GM's chief executive Fritz Henderson described the terms of the offer as "stern." For the swap to take place 90% of the bondholders must accept the offer. If that percentage is not met, GM will...
...close 13 car plants, eliminate 21,000 jobs, reduce its dealer network by 42%, and eliminate the Pontiac brand. It also announced that it has reached an agreement with the U.S. Treasury to convert 50% of the outstanding government loans to the company - or about $5 billon - into GM stock. As a result of this swap, the U.S government would become the majority shareholder of GM. The automaker also said that it is seeking an additional $11.6 billion in government loans...
...City A Rebound on Wall Street Goldman Sachs made a startling announcement on April 14 that for once had nothing to do with bankruptcy or federal intervention. The bank posted better-than-expected earnings--more than $1.8 billion. More strikingly, the firm revealed it had sold $5 billion in stock and plans to use the money to repay the $10 billion in TARP funds it borrowed in October 2008. In clearing its debt, Goldman hopes to free itself from the restrictions-- like those on executive pay--imposed on firms that received bailout money. Last year...
...enjoys going after men that are the age her aborted child would have been if it was still alive.” By these definitions, a cougar is not sexy and confident. She is a psychologically disturbed pervert and the laughing stock of her community...