Word: trillion
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...fooled. The $700 billion (ultimately $1 trillion or more) bailout is not predominantly for mortgages and homeowners. Instead, the bailout is for mortgage-backed securities. In fact, some versions of these instruments are imaginary derivatives. These claims overlap on the same types of mortgages. Many financial institutions wrote claims over the same mortgages, and these are the majority of claims that have "gone...
...Rescuing financial institutions is not the best solution. Yes, banks are needed to provide capital to businesses. But it is not necessary to spend $1 trillion to maintain liquidity. If the government is to intervene, it should pick and choose which claims to purchase; claims that are directly tied to mortgages would be a good start...
...them up, but that less-expensive option has little support from either Democrats or the Bush Administration. "Members are aware of the crisis situation that we're in," McCain told ABC News Thursday. "They do have concerns, which I think when you're talking about $700 billion or a trillion dollars, that need to be addressed so that this is a genuine bipartisan, bicameral agreement...
...Harvard team has been primarily concerned with the construction and operation of the ATLAS detector, a cylindrical component of the collider engineered to gather data about the particles that emerge when the machine smashes protons together at energies of 14 trillion electron volts, recreating conditions that may have prevailed only a trillionth of a second after the universe’s inception...
...Asked what impact this trillion-dollar crisis might have on his expansive and expensive array of policy proposals, Obama essentially answered, Maybe none. That's defensible in theory, because each of Obama's big ideas could be, in the long run, good for the U.S. economy. Overhauling the energy sector by selling credits to emit carbon could ignite a big new industry around alternative fuels. Reforming the inefficient health-care system could rein in the cost of insurance and allow employers to put more money into wages rather than into benefits. Drastically improving education ought to lead to a more...