Word: tap
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Dates: during 2000-2009
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...maximum-wage plan is not retroactive, applying only to companies that tap TARP in the future. The restrictions will apply until a bank pays off its TARP tab and starts behaving. According to an Administration source, "If a bank has restored viability, has paid back the United States government with interest, and is now a completely private-sector bank ... then we can return to a time when this is between them and their shareholders...
...Iceland Banks Fail; Government Follows After months of protests triggered by the collapse of Iceland's economy amid the global financial crisis, its government finally joined suit on Jan. 26. It has been replaced by a new left-leaning coalition that is expected to tap Johanna Sigurdardottir to take the helm. The 66-year-old Social Affairs Minister would become the world's first openly gay woman to serve as head of state...
Bank stocks have continued to plummet since the program was started in mid-October. Two of the nation's largest banks, Citigroup and Bank of America, have had to tap the relief fund twice, yet neither bank appears any more stable. Indeed, concerns about Bank of America's insolvency have grown, not shrunk, in the past few months. What's more, none of the government money spent so far has done anything to increase lending or lower foreclosures. (See the best business deals...
...President can tap into changes in the culture and encourage them. When Obama rejected, in his Inaugural speech, the "stale political arguments that have consumed us for so long," he was rejecting an attitude--of baby-boom cultural warfare, of cable shouting matches, of all-or-nothing showdowns--and betting that his audience was tired of them...
Obama insiders credit the new chief of staff for many of the transition team's more agile moves. Take the agonizing choice of a Secretary of the Treasury. Obama's personal inclination was to tap New York Federal Reserve chief Timothy Geithner, who had been intricately involved in devising last year's $700 billion financial-bailout package. But he also wanted the expertise of the ferociously brainy Larry Summers, who had held the Treasury job and wanted it again. So Obama and Emanuel worked out a deal to get both by convincing Summers to take a post inside the White...