Word: toxicants
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Dates: during 2000-2009
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...banks, Washington needs to get toxic assets off their balance sheets. That's easily said but not so easily done...
...Vikram Pandit, made public remarks that his company had a profit in the first two months of 2009. But, even school children who hone their skills trading mock accounts online know that two months do not make a quarter, especially in banking. Some auditor may mention that Citi's toxic assets ran into more trouble in this quarter or that its consumer credit and LBO businesses needed to be adjusted for bad debt. Simply put, Pandit's comments did not mean...
...obscure accounting rule that is the subject of intense lobbying by representatives of the banking industry ahead of congressional hearings on Thursday on the matter. A change to that rule could drain some of the banks' red ink and possibly make it easier for them to off-load the toxic assets. (See 25 people to blame for the financial crisis...
...forces now weighing on the market are housing and bad bank assets. Will investors need to see resolution on those fronts before bidding stocks higher? You'll need to see three things for the stock market to improve: 1) toxic assets taken off the bank balance sheets so banks can start lending, 2) some stabilization of house prices so that people don't feel they'll be better off waiting a month before they buy. 3) unemployment stops rising so that people start feeling more secure about their jobs. I think you'll see those three things begin to take...
...hides a gun and bag of drugs during a police raid and is rewarded with initiation into a local gang, only to be sucked into the violence of neighborhood gang warfare. Franco is a waste management official who oversees the Camorra’s side business of illegally dumping toxic waste, poisoning the local farmland. And there’s Pasquale, the tailor who incurs the wrath of the Camorra when he helps a Chinese clothing sweatshop owner competing with mafia business. In the vein of “21 Grams” and “Syriana...