Word: repaid
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...Rubio insists he's repaid the party, but he's drawn snickers by arguing that airline tickets for his wife "to accompany me to official events and party functions" were a legitimate expense since she was "the First Lady of the Florida House of Representatives...
...time when every one of its main rivals has repaid its obligations to Uncle Sam, Citi still has its hands deep in the government-aid cookie jar. Uncle Sam owns more of Citigroup than any other bank. Currently, the government holds 7.7 billion shares of Citi's stock - a stake the government got last year by converting a portion of its Citi preferred shares. That makes Uncle Sam the bank's largest shareholder, with about 27% of Citi's outstanding shares, valued at some $26 billion. That's about seven times the $3.5 billion the government has lent SunTrust Bank...
Unlike the BofA deal, however, Citigroup's left intact a large investment in the bank on the part of the government. Citi repaid the government's $20 billion in Citi preferred shares, and it closed an insurance agreement that had the government backing as much as $300 billion in troubled Citi loans. But the deal did nothing to repurchase the 7.7 billions shares the government had acquired in Citi in mid-2009. The Treasury considers its remaining stake in Citi part of the Capital Purchase Program initiated at the start of the financial crisis. But because the government owns common...
...reckless act that should not be permitted without any form of retribution. Burglary is a crime, a terrible act that inflicts trauma on its victims, even in non-violent situations. However, we live in a democracy where criminals do not forfeit their human rights; stolen goods should not be repaid with death, as the punishment does not fit the crime. Those who experience felony often feel threatened—whether during a burglary or a street robbery—but it’s unacceptable for citizens to immediately react with violence. Such mentality leads to a Wild West attitude...
...Allergic to Populism Shortly after Obama unveiled a $117 billion plan to tax the riskier liabilities of larger financial firms, Geithner hosted a dinner for bankers. A few of them grumbled about Big Government, class warfare and the unfairness of scapegoating financial institutions that already repaid their bailout money while GM and Chrysler keep hemorrhaging taxpayer cash. But one midsize-bank CEO suggested the tax was a reasonable surcharge on too-big-to-fail conglomerates that benefit from an implicit guarantee of federal help in a crisis. "If I fail, the FDIC shuts me down," he said. Then he gestured...