Word: systemic
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...authorities have just released the results of the stress tests that they ran on the top 19 U.S. banks. This group holds about two-thirds of the total assets in the U.S. banking system. The health of those balance sheets has profound implications for the severity and length of this global synchronized recession...
...more disruptive uncertainty lies ahead. The economy is still very weak, and while the pace of contraction in real activity is slowing, the global contraction is going to be with us for a while longer. Indeed, a global recovery is conditioned on the health of the U.S. financial system. And even after the stress tests, the health of that system is still in question...
...identified 121 cuts in government spending programs which would save $17 billion. The most important unnecessary program that the Administration has discovered is the $6 million spent on The National Institute of Literacy. Also near the top of the list is $35 million for a long-range radio navigation system...
...government is forever finding money that it should not be spending or should not have spent. The special TARP placeholder is a perfect example. Its existence means the people running the financial arms of the Administration have not made up their minds about what to do if the banking system suffers more stress or begins to collapse as it threatened to do late last year. The results from the bank "stress tests" showed that the capital needs of America's banks are modest, about $74 billion, compared to more pessimistic figures provided by the IMF and bank experts. Banks...
...they're selling, and their product line hasn't changed. They're starting to look like the Federalists of the early 19th century: an embittered, over-the-top, out-of-touch regional party en route to extinction, doubling down on dogma the electorate has already rejected. Our two-party system encourages periodic pendulum swings, but given current trends, it's easy to imagine a third party...