Word: funneling
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...them," says a source. Geithner, for example, wants to overhaul the dysfunctional, taxpayer-funded Troubled Asset Relief Program (TARP) - initially intended to buy bad assets from banks. The new Administration wants to use the final $350 billion of the bailout program to reduce the number of home foreclosures and funnel additional capital directly to banks and other lenders...
Britain's Prince Harry knows how to party. He can shoot a gun, guzzle beer through a funnel, ride a horse and fight the Taliban. The British Royal most frequently in trouble - his reputation was recently tarnished by a video of him calling fellow soldiers by racial slurs - is known for his wild attitude, disdain for the media (his mother was Princess Diana, so can you really blame him?) and his fierce desire to live a "normal" life. But how normal can your life be when your grandmother is the Queen...
...Mashaal moved to Jordan, where he took the reins of a Hamas branch in Amman and worked to raise funds and strengthen relationships with neighboring governments. Israelis allege he was using his position to funnel money and supplies to militants for use in suicide bombings and other attacks...
...relying on a rinky-dink accounting firm to watch over their investments. That's because more than half of the $25 billion-plus in losses investors have so far claimed came to Madoff through so-called feeder funds. These funds were set up by outside firms, which would then funnel the money they received from investors to Madoff. Unlike Madoff's, all the firms running feeder funds had well-known accounting firms listed as their auditors. So, for instance, when investors put money in the Rye Select Broad Market fund, one of the largest Madoff feeders, its statement said that...
...viability of the corporate credit union model as it currently exists, the NCUA is banking on retail credit unions having a short-term interest in preserving the system through such a trying time. The way the liquidity injection is structured, it is up to the retail credit unions to funnel money into the corporates. In explaining the program, NCUA chairman Michael Fryzel has been quick to point out that retail credit unions have a "vested interest" in their corporate brethren. Let's hope they do, to the tune of billions of dollars...