Word: systemic
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...losses at Freddie show the pressure the banking system as a whole is under," says Fred Cannon, chief equity strategist at Keefe, Bruyette & Woods. "Freddie is going to need more capital, but they are not alone...
After the $180 billion AIG bailout initiated last summer, the $700 billion financial-system booster last fall and the $878 billion stimulus package this winter, convincing Americans that their money isn't being wasted is no easy task. Geithner has said the government may put up as much as $1 trillion in loans and guarantees to subsidize the sale of the toxic assets to private investors. Though the government could get back the money if the assets start trading again, many Americans see it going down a sinkhole. Says Democratic pollster Mark Mellman: "There's a narrative out there...
...courts the first “international human rights tribunals” in a recent article. As such, they preceded a line of famous international courts, including the International Military Tribunal at Nuremburg (1945) and the International Criminal Tribunal for the Former Yugoslavia (1993). What makes the mixed-commissions system an apter analogy in terms of Darfur today, though, is the peacetime incentives behind its establishment...
...like Obama, Bernanke and the rest of the political élite who lined up Monday to share their outrage are rather powerless to act. If AIG failed, almost all experts agree, the damage to the entire financial system would be horrific. So the leadership has little to do but posture. "Unconscionable," said House Speaker Nancy Pelosi. "Outrageous," said her Republican counterpart, John Boehner. Senator Chris Dodd, chair of the banking committee that failed to regulate AIG, called on the executives to "voluntarily" forgo their bonuses. The best the government looks able to do is insist on some tough...
...Still, Khatami's supporters had tried desperately to persuade their man to stay in the race rather than concede to Moussavi, who has more centrist supporters and has fewer opponents among the fundamentalists who dominate Iran's political system; while all the newspapers associated with Khatami's original reform movement have been closed down, for example, Moussavi was recently given permission to start a paper...