Word: switched
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...switch to doing more lending through investment-banking operations has only made matters worse. For deposit-based loans, the banks have wide discretion as to when they record a loss. Some do it after a borrower misses his first payment. Other banks wait until the loan is 120 days past due. But for loans made through a firm's investment-banking division, the bank has to reduce the value of those debts according to what similar pools of loans are worth. This is known as mark-to-market accounting. And when investors grow increasingly nervous that borrowers will...
...money. It may even boost lending. Of course, the problem with this is that some of these banks might need too much capital - and if the government buys all the common stock needed to fix the problem, it will own the banks, possibly a few times over. So a switch to buying common stock points to nationalization. (See pictures of the top 10 scared traders...
...statements made during the trials of the accused murderers, Aaron McKinney and Russell Henderson—comprise the entirety of the script. Each actor played multiple characters, which ranged from members of the Tectonic Theater Project to police officers to the murderers themselves. The actors were able to switch between characters with ease. Sam L. Linden ’10, in particular, strikingly portrayed two very different characters: Jedadiah Schultz, an eager university drama student who learns about his own prejudices against homosexuality and works to correct them, and Fred Phelps, a conservative minister from Kansas who preaches against homosexuality...
...Beefeater martini for Kennedy, Madeira wine for founding father George Washington, and now, the Obama Shake for the President-elect. Colored the palest of pinks, this refreshing and frothy drink is served over crushed ice in a wine glass and garnished with a sprig of mint, certainly a dramatic switch from senator-approved honeyed liquors, like scotch. Made with a mix of berries - black-, blue-, straw- and raspberries - the crisp beverage has a kick of fruit vodka and a splash of soda water. The Round Robin is an excellent place to eavesdrop, if you're into that sort of thing...
...House Minority Leader John Boehner, who tussled with Democrats over the rules governing Congress's use of sites like YouTube and Twitter, saw the Rickroll video as an opportunity to offer some tongue-in-cheek criticism. "This is the same sort of bait-and-switch we see from House Democrats on important policy matters," wrote Boehner spokesman Michael Steel in an E-mail. "They promise something new and different, and then the same old tired, annoying stuff pops up. The American people (and the Speaker's cats) deserve better...