Word: rescuees
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The conversation between Geithner and the members of the committee became more confounding when the issue turned to the frozen credit markets. The Secretary said that his efforts to get banks to improve lending were getting "mixed" results. Banks have made themselves ready targets for blame. They have curtailed lending...
What the Secretary avoided in his comments regarding why the banks are not increasing lending is that he has information about bank "stress tests" that Congress does not. Geithner knows that some of the financial firms are not robust. But, it is too dangerous for him to name them into...
What do you think of Obama's plan to rescue the economy? He's trying very hard. You do have to either rescue or nationalize the banks, but other than that, I think that everybody should probably be on their own.
Since companies aren't likely to stop paying ransoms, Hillary Clinton on Wednesday told reporters that the State Department was working with shipping and insurance companies to "address gaps in their self-defense measures," in the hope that they can avoid being seized in the first place. Clinton's strategy...
President Mahinda Rajapakse did declare a two-day suspension of offensive operations between April 13 and 14, to coincide with the traditional New Year holiday. During the truce, only about 700 civilians managed to escape the fighting. The latest bout of heavy fighting commenced soon after, with the government rejecting...