Word: deposited
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...borrowing for some banks. That's because banks have to regularly issue bonds in order to have money to make loans and underwrite securities. This became much harder to do during the credit crunch, so the government began allowing banks to offer bonds that are insured by the Federal Deposit Insurance Corp. (FDIC). With the government's backing, banks were able to raise money. (See 25 people to blame for the financial crisis...
...taken it upon themselves to liberate certain documents. After Brooklyn artist Charles Merrill Mount attempted to sell a collection of rare Civil War manuscripts including three Lincoln letters to a Boston bookstore in 1987, suspicious staffers alerted the Feds. Mount was arrested, and a search of his Washington safe-deposit box revealed some 200 Civil War-era papers, mostly pilfered from the National Archives. Before releasing him on bail, a U.S. magistrate barred Mount from the Archives, the Library of Congress and the National Gallery. "I have nothing else to do," Mount said. "Try the zoo," said the judge. Convicted...
...Modern Wing from Millennium Park by way of a slender pedestrian bridge that rises to deposit visitors onto a rooftop sculpture terrace that's free of charge. But to be admitted to the galleries, which on most days have an admission fee, you enter at ground level. What you find there is a three-story, glass-roofed atrium, a long processional space that's flanked on the left by a freestanding stairway that zigzags up to galleries on the second and third floors. On the right, temporary exhibition galleries occupy the first floor, with design and architecture above them...
...more positive note, the two sides have reportedly reached agreement on how to finance the Voluntary Employees' Beneficiary Association (VEBA), which was set up to fund retiree health-care benefits for GM's blue collar workforce. GM is said to be agreeing to deposit half the $20 billion it owes the VEBA and fund the other half with GM stock. The agreement appears to be very similar to the deal Chrysler LLC reached with the UAW. That deal put the UAW in control of the new Chrysler, with 55% of the stock. The union has also reportedly agreed...
...high school seniors, May 1 was D-Day. Decision Day. After weeks of weighing the pros and cons, they had until the last mail pickup on Friday to postmark a deposit to reserve a spot in next year's freshman class. In this spring of economic certainty, many nationally known schools are sweating over whether they'll enroll, or "yield," enough students to fill the class - an outcome officials won't know for sure until all the deposits are tallied over the coming weeks. But in a tiny corner of Kentucky, one little college is doing just fine. Berea College...