Word: writes
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...these potential losses are based on the value that Citi is putting on its loans. And Citi has no obligation to write down all of the loans on its books. In fact, it recently said that it was going to stop taking so-called mark-to-market losses on an additional $80 billion in assets of its loan portfolio. So even if the value of its loans continues to fall, it may not have to take a hit to its equity. And as long as most of Citi's borrowers keep paying, as most are, Citi will be just fine...
...Citi's books are fundamentally sound, this could be the way to go. With a guarantee Citi would not be forced to sell its assets at a discount, if any of the bank's creditors or trading partners want their money back. That would save Citi from having to write down its assets, which is what would wipe out its equity and send it into bankruptcy. Of course, if the bank does fail, the government could be on the hook for hundreds of billions of dollars of debt...
...futile endeavor. The book itself doesn’t exactly succeed either.Recounted in the witty and rhythmic voice of journalist Sebastian Zollner, the novel tells of how Zollner, who is just one bestseller away from fame, travels to the countryside to interview the reclusive Manuel Kaminski and write the artist’s definitive biography. But he soon gets sidetracked from this task, finding himself on a road trip with the painter to the city. While this rare chance to spend some intimate time with Kaminski may have seemed like the perfect opportunity to enliven his book with personal anecdotes...
...eight years now, he’s been writing speeches at the core of the modern conservative movement—first as a senior advisor to President Bush and most recently for Senator McCain. Two months ago, he made headlines as the author of Governor Palin’s well-received nomination speech at the Republican National Convention. In some sense, Scully was a natural choice to write the speech: A former literary editor at National Review, he has long been an eloquent advocate of pro-life, faith-based conservatism...
Alright, so you have a problem set due tomorrow, an essay to write on a novel that you didn’t read and that isn’t listed on Sparknotes, and you’re entirely convinced that Facebook must be checked every five minutes. Perhaps you’d like some music to get you through what’s shaping up to be an all-nighter. Might I suggest experimental electronic band The Fireman’s latest release, “Electric Arguments?” Because here’s the thing: no matter...