Word: tarp
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...Monday, Randal Quarles, a managing director at the Carlyle Group and a former Treasury official, told an audience at a conference on the Treasury's bailout fund - which is called the Troubled Asset Relief Program (TARP) - that he thought the fund could need to double in size. "The amount of assistance provided so far is not enough," Quarles said. "The losses out there are materially larger than TARP and will likely require more support than the current $700 billion...
...weeks, Paulson had held off on direct investment, preferring instead to use the $700 billion Troubled Asset Relief Program (TARP), passed by Congress on its second go-round, to buy toxic mortgage-related assets from the banks. The bank bailout will be funded out of that budget, and the Treasury still plans to start buying troubled assets in the next month or so. But that wasn't soon enough for worried investors or for Fed Chairman Ben Bernanke, who according to inside reports had been advocating for a recapitalization for months. Money flowed out of the stock market, including that...
Will every financial institution that holds mortgage-backed securities be able to sell them to the federal government? Who determines what will be bought and from whom? Will institutions be able to recover losses they have already written off? In theory anybody could sell to the TARP (troubled asset relief program). The what and from whom would ultimately be up to the discretion of the Treasury Secretary. And if institutions were able to sell securities for more than they valued them at on their balance sheets, sure, they could reverse some losses...
...Sarah Palin Baby Name Generator. The directions are as simple as moose pie. Type your first name, click enter, and some sort of formula spits out your very own Palin-esque name. I'm Wood Corps Palin. My sister Chelsea gets rechristened Tape Boise Palin. My brother Brandon? Tarp Lazer Palin. Wood, Tape, and Tarp: baby names you could use to build a temporary outdoor shelter. Very Alaska. The Sarah Palin Baby Name Generator...
...replacing an elected parliament with one in which some members are appointed, arguing that widespread buying of rural votes delegitimizes the polls anyway. "It's taken for granted in the West that democracy is the best system," says PAD leader and media tycoon Sondhi Limthongkul, sitting on a blue tarp that serves as the alliance's makeshift headquarters at Government House. "But all we are getting in Thailand is the same vicious circle of corrupt, power-hungry leaders. This system is not working...