Word: unwind
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...taken last fall by the Fed, Treasury, Congress and governments around the world "may well have averted the collapse of the global financial system, an event that would have had extremely adverse and protracted consequences for the world economy," Bernanke said. Market improvements were already allowing the Fed to unwind some of the extraordinary actions it took last fall, with credit extended to banks and other financial firms declining from $1.5 trillion at the end of 2008 to less than $600 billion now. Congressional meddling in Federal Reserve decision-making - there are proposals to increase Congress's audit authority over...
...Canada and one for the UAW - who would all have to reach consensus on a strategy for maximizing value. That most likely means a gradual release of the shares once an IPO of the new GM has occurred. After that, says Young, "it could take years to unwind the government and union positions...
...island's yin for cycling into a way to reduce pollution, the Taiwanese government launched the service hoping commuters will ditch their cars and start using the thousands of rental bikes it has stationed around the two urban centers to get to work. "Cycling is a great way to unwind after work," says Horace Lee, a corporate planning associate at the Taipei Stock Exchange. "I cycle around the neighborhood just for fun before I hop on the metro...
Want the tropical experience without the burn or the travel? Check out CoCo Key Water Resort, where you can frolic on waterslides or choose to unwind on a raft. http://www.cocokeywaterresort.com/Locations/danvers/play/indoor-waterpark/index.aspx 50 Ferncroft Rd., Danvers...
...unclear how the payments AIG made to other financial firms could be clawed back. Unlike stocks, CDS contracts don't trade on an exchange. And trading partners can unwind those contracts at any prices they like. What's more, a rule change in late February, to which AIG voluntarily agreed, gives the insurer's trading partners more leeway to name their terms in the cases of bond defaults that trigger CDS payments...