Word: trustedly
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...closest historical parallel to this effort is the Resolution Trust Corporation, which was formed by Congress in 1989 to buy up and dispose of the assets of failed savings and loans. The difference is that while the RTC took over the assets of corporate corpses already in government hands, the assets everybody's worried about now are on the books of still alive banks, investment banks and other firms. The idea would be to get them off the books of these institutions, hold on to them for a few years and possibly try to renegotiate their terms to slow foreclosures...
...when she saw Frederick ambling towards her. His thin body was clad in black, and he had allowed his hair to grow long and shaggy.The look did not suit him, Felicity thought dispassionately.“Good afternoon, dear,” Frederick began hesitantly. “I trust you are recovered?”Felicity did not deign to reply.“Felicity,” he said again, with more force this time, “When are we going home?”“This is our only home...
...Housing and Urban Development, as many as 13,000 Section 8 contracts will expire by 2013, meaning 800,000 privately owned buildings could potentially be put up for sale or have the rents on their apartments raised to full market rates. Michael Bodaken, executive director of the National Housing Trust says about 1.5 million apartments housing between three and five million people will be affected. "Generally it's bad for cities to the extent that they lose the needed mixed income and affordable housing resource that is difficult to replace," says Bodaken, whose non-profit group advocates for people...
...scariest thing to average folk: one of the nation's biggest money-market mutual funds, the Reserve Primary, announced that it's going to give investors less than 100 cent on each dollar invested because it got stuck with Lehman securities it now considers worthless. If you can't trust your money fund, what can you trust? To use a technical term to describe this turmoil: yechhh...
...Number 1600 echoed her sentiment. When Aee, who holds an AIG-linked trust worth roughly $7000, was told about the assurance by AIG's Singapore management that his investment was protected, he replied skeptically, "I'm not so sure." He said if he managed to get inside the insurer's besieged offices - which looked like it could take him another 10 hours - he planned to "cash out" his entire investment. "There's nothing like cash in your hands," he said...