Word: worthless
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...framers of the Constitution were constantly worried that even in a republic fools could end up in control of the government. That might be the sort of elected officials who would chase issues that may be popular but are ultimately almost worthless in terms of helping the country, and, in the present case, the economy. Whether AIG employees got large bonuses, especially since they probably had contracts to guarantee the compensation, is irrelevant in the overall effort to turn the course of the recession...
Trading Stocks. Cash in your worthless Wall Street stocks for a Caribbean vacation. Elite Island Resorts will accept your devalued portfolio as payment for stays this year at any of their seven seaside properties. The resort will take up to $5,000 worth of any of the 400 stocks - including bank, retail and tech stocks - listed on its website and give you credit based on the stock's worth as of Oct. 31, 2008. The deal lasts through...
...reading of the ABX index puts the value of even the highest-rated subprime mortgage bonds created in 2007 at only 27% of their precrunch prices. Yes, Americans are behind on their mortgages, but even the most pessimistic prognostications do not predict that 73% of home loans will become worthless. (See pictures of the dangers of printing money...
...social and economic change on mental health since 1991. Both Burchell's study and the British Household Survey used a 12-item questionnaire - called the GHQ 12 - that is designed to measure symptoms of stress and anxiety with questions like "Have you recently been thinking of yourself as a worthless person?" and "Have you recently been able to concentrate on whatever you are doing...
...debate involves more than semantics. One concern is that investors aren't going to want to hold any bank shares if the government can simply take ownership, effectively rendering the bank's stock worthless or close to it. An even greater concern is that the government won't be able to resell banks it takes over. That would expose taxpayers to big losses and leave Uncle Sam in the banking business for years to come...