Word: take
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...tried to force counterparties to take less than they were entitled, AIG would have collapsed," Geithner told the congressional committee. "There were no better alternatives...
Other banks were willing to strike even more generous deals. UBS initially told AIG that it would take collateral worth 35% less than what the insurer owned on 55% of the $4.3 billion in CDS contracts it had sold to the Swiss bank. For the remaining 45%, UBS was willing to allow AIG to pay 10% less than what it had originally promised. Those deals would have saved AIG about $1 billion. AIG later broke off those negotiations, and as with all of its other counterparties, paid UBS in full. BlackRock, in the report, said Goldman Sachs, French bank Calyon...
...when Friday Night Lights was being made into a movie, director Pete Berg invited me to the Astrodome in Houston to watch the filming. It didn't take long to realize that the magic of moviemaking was no magic at all - repetitive and dull. I became bored, which is when I saw a small cluster of young men in wheelchairs on the sidelines...
...maybe there’s a way we can contribute a little bit more. Now that we’ve gotten rave reviews from Roden for our behavior, maybe we can take it a little bit farther next year...
America is facing a trillion dollar deficit. Our tax dollars have bailed out endless corporations who have flagrantly misused it. We saved the banks, yet they deny us fair lending and take our homes. We sit by and watch million dollar bonuses given away to the very executives that put our economy in peril. We hear about scandals involving AIG, the New York Federal Reserve, Fannie Mae, Freddie Mac, Goldman Sachs, Citigroup, Bank of America—there are too many to list. We listen helplessly to members of congressional oversight panels who condemn them with their voices but continue...