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...banks had to raise that money on their own it would have been much more expensive. Morgan Stanley, another bank that has reportedly been looking to pay back TARP funds, has raised $23 billion in FDIC-backed debt since the program began in November. Hintz estimates the government's help is allowing Morgan Stanley to lower its borrowing costs by 5½ percentage points. That would have raised Morgan Stanley's expenses by nearly $1.3 billion a year. And that is just the money it has borrowed in the past six months alone...

Author: /time Magazine | Title: Paying Back TARP: Good for Banks, Bad for Investors? | 5/22/2009 | See Source »

...when you get there you're worrying every semester about whether you can register, which were ... you know, many kids that I knew felt that way. And when I worked in the University of Chicago, I saw kids like me who were using their loan money to help their parents pay the electric bill, and therefore they'd run out of money for books and couldn't feed themselves over the course of the semester. I saw those kids, right, but they didn't have a parent that said, "Do not look this way with your education money...

Author: /time Magazine | Title: Interview with the First Lady | 5/21/2009 | See Source »

...your girls, they could be the ultimate role models too, which would be an enormous burden to ... except it sort of comes with the fact that they are the most ... they are the children in the world that people are most interested in. So how do you help them walk the line of normal vs. the position they're in? We stay 100% in their world all the time. And I don't know if you understand that, but their lives are very disconnected from this. And it's ... you can do that with kids when they're young because...

Author: /time Magazine | Title: Interview with the First Lady | 5/21/2009 | See Source »

...slipping through the cracks, you know that there but for the grace of God." She had friends who could have thrived in college, but their parents didn't believe in going into debt to pay for it. "I saw kids like me who were using their loan money to help their parents pay the electric bill, and therefore they'd run out of money for books and couldn't feed themselves over the course of the semester ... So I just keep thinking about those kids who are missing opportunities by a hair, by a breath, by a parent...

Author: /time Magazine | Title: The Meaning of Michelle Obama | 5/21/2009 | See Source »

...Girl Power After four months in the White House and two years on the campaign trail, she's learned how to help people relax around her so she can get down to business. She makes fun of herself and of her husband, and teases a male reporter about his struggle to accurately describe her outfit during her European tour. "You didn't know you'd be covering cardigans," she says, but that's O.K., since her husband doesn't know cable-knit from argyle either. When she tries to explain why she's constantly hugging people, she reaches...

Author: /time Magazine | Title: The Meaning of Michelle Obama | 5/21/2009 | See Source »

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