Word: repayment
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...behind all that confidence, I figure, must be some hard lessons learned. This is the man who has been taught the main moral of this recession better than anyone else: you can't borrow more than you can afford to repay. His debt is going to be hard to dig out of even if things get better soon. So when I ask how long it will be before he'd even consider getting a loan for more expansion, I expect him to apologize for his recklessness and pledge to become a saver. Instead, he sits up, widens his eyes...
...Lewis has said that he would like to stay on as CEO of Bank of America until his firm is able to repay the $45 billion it received in government assistance during the financial crisis. Some money managers say that could take years - and it looks increasingly unlikely that Lewis will be able to hang on that long. In April, shareholders voted to strip Lewis of the title of chairman. Moreover, regulators have pushed the bank to replace a number of its corporate directors. The SEC settlement may be the final straw for Lewis...
...goes without saying that Stephen Colbert owes Baron Cohen a debt too large to repay, but by comparison, Colbert plays it safe. His guests always know that Colbert's right-wing blowhard character is a put-on, and they happily play along. When Brüno tries to start a cuddle party with Texas Representative Ron Paul - "Has anyone ever told you, you look like Enrique Iglesias?" - the flustered former presidential candidate is definitely not in on the joke. As Paul makes his panicky escape down a hallway, he clues in one of his aides: "This guy is a queer...
...recent days, 10 top banks have begun to repay some $68 billion in TARP funds. According to Warren, knowing exactly what happened to money spent under TARP is less important than simply keeping the pressure on. "We certainly haven't achieved perfect transparency," she says...
...Obama proposals, are already arguing. But that's not necessarily a bad thing. It's hard to imagine the financial crisis of the past two years being anywhere near as damaging if lenders had simply been banned from extending home loans to people who couldn't afford to repay without either selling their houses or rolling over into new loans. So maybe this one bold change will be enough...