Word: terme
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Also, many private players plan to take advantage of federal financing programs, such as TALF (Term Asset-Backed Securities Loan Facility) and PPIP (Public-Private Investment Program), which will give them low-cost financing when acquiring troubled assets, making their potential returns even frothier. (See the top 10 financial-crisis buzzwords...
...there will be plenty to buy. "There's probably a lot of financial institutions that hold mortgage debt today that just can't hold it long-term and will eventually have to be sellers, whether it's regional banks or major financial institutions that need to deleverage," says Greg Ressa, a partner and head of real estate at Simpson Thacher & Bartlett LLP. (See 25 people to blame for the financial crisis...
...appointment to a five-year term reflects the Supreme Leader's trust in the Larijanis amid unprecedented public anger over the disputed June 12 presidential election, and the alleged torture and rape of protesters arrested in a brutal crackdown...
...that government ministers should have the qualifications necessary for their positions. Cabinet picks require parliamentary approval, and the legislature has previously rejected Ahmadinejad's picks for being unqualified. The vote on his Cabinet nominations will be the first major test for Ahmadinejad as he begins his second and final term...
...critics also charge that the Larijani brothers have risen so far as much from opportunism as political savvy. Many analysts believe Ali Larijani may be positioning himself to run for the presidency again after Ahmadinejad's term ends in 2013. "They are nakedly ambitious. Their overarching principle seems to be to position themselves wherever power lies," said Sadjadpour. "If the Shah were still in power, they'd be coveting him. And if Iran evolves into a democracy, they'll try and reinvent themselves as progressive democrats...