Word: toxicants
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
Treasury Secretary Timothy Geithner has unveiled a new plan to combat the financial crisis: persuading private financial institutions to buy up toxic assets with the government's backing. While this is a step up from former Secretary Henry Paulson's original bailout plan - in which the government itself would buy up the bad securities - it is still not the right approach...
...less money on their mortgages, they will be less likely to stop making their payments. The plan is equivalent to a universal renegotiation of terms that improves the situation for both homeowners and banks. As a bonus, mortgage-backed - and, indeed, all mortgage-based - securities will become less toxic by virtue of a trickle-up effect...
...entire region; for Camorra is both a crime syndicate and one of the nation's largest employers - southern Italy's own stimulus package. Where else in a sluggish economy can a young man find work? (In the movie, a college graduate, lured into a job supervising the dumping of toxic waste, decides to quit the business. His padrone, disgusted, spells out what awaits him: "Go make pizzas.") When everyone in town is either a gangster or his potential victim, kids learn early to choose sides. What's exciting and, briefly, enriching for the boys, the Mob sees as labor that...
...their ability to pay off debt. Las Vegas has become like the rest of America. Visitors to the city were just late coming around to the realization that borrowing has gone out of vogue. If most large American banks were based in Las Vegas they would still be buying toxic paper and lending money for leveraged buyouts...
ASSETS In an effort to cleanse banks' balance sheets, the government will spend up to $1 trillion on a Public-Private Investment Fund that will provide private investors with incentives to acquire toxic assets...