Word: wanted
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...Citi's deal to pay back the government was reportedly hashed out over a week's worth of marathon negotiations following Bank of America's repayment last week of $45 billion in government assistance. Citi did not want to be one of the few remaining big banks still using the government's crutch.(See the worst business deals...
...actually in worse shape than many thought. To exit TARP, Bank of America was required to raise $18.5 billion in new capital, or about 40% of the $45 billion in capital it repaid the government. Other banks have had to raise as much as half of the amount they want to pay back the government in new capital. Citigroup, though, is required to raise more than 100% of what it wants to pay back - $20.5 billion in new capital, half a billion dollars more than it will pay Uncle Sam. That suggests the government is still worried that Citi...
...people who had resided in the Jungle have fallen back to nearby towns on the coastline - or have retreated all the way back to camp aside canals in Paris where they wait for smugglers to hide them in U.K.-bound trucks or freight trains. And Calais doesn't want those and newly arrived illegals to join the estimated 300 Jungle inhabitants still in town. The reason is evident: with its proximity to Britain - 30 miles, connected by ferries, trucks, cars and passenger and freight trains using the Chunnel - Calais remains a magnet for clandestine aliens and the human traffickers exploiting...
...Despite the growing evidence against the stereotype, however, Hoffman says people will always tend to believe that terrorism is class-related. "We want to believe that, because then we can fix it. We can create jobs, provide opportunities, and these young men can be turned away from that path," says Hoffman. "But reality is much messier than that...
...While it is not the course I would have hoped for or would choose, I want to take full responsibility for the moral failure that led us to this tragic point. Jenny is a great person and has been a remarkable wife, mother and First Lady." - Mark Sanford, in a statement, reacting to his wife's decision to file for divorce...