Word: resulted
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...result was a parallel system almost as big as the banking system that had none of its post-Depression stabilizing pillars: no deposit insurance, no access to the lender of last resort, no resolution regime and only a patchworky, inadequate framework of restraints for risk-taking. In the old system, Americans' deposits in regular banks financed the system. In the shadow banking system, Americans' deposits in money market funds provided the asset anchor. As AIG teetered on the brink in mid-September, a run began by institutional investors on the money market funds...
...order to both promote voting and remind citizens that voting is a form of national service. Making Election Day a federal holiday—whether in addition to or in conjunction with Veterans Day—would instantaneously turn every workplace into a potential polling place and would result in a drastic increase in the number of possible poll workers, who currently run in short supply...
...selected to complete—seeks to uncover universities policies regarding everything from endowment spending to executive compensation. The decision by the IRS to gather this information is not objectionable, as they undoubtedly have the right to such information, although any new regulations developed as a result of the questionnaire might be. In recent months, Iowa senator Charles E. Grassey has led the charge against tax-exempt American universities, accusing them of using that exemption to stockpile massive amounts of capital instead of putting those resources to good use. This accusation is unwarranted, as universities serve the public good through...
...result of the new survey, CNN now considers New Hampshire and Wisconsin to be Obama-leaning states, after previously being considered toss-ups. North Carolina is now considered a toss-up, after previously being categorized as a McCain-leaning state...
...Iceland, whose government on Monday completed what amounts to an emergency seizure of its oversized banking sector. Prime Minister Geir Haarde went on television Monday night to warn his compatriots that "the Icelandic economy, in the worst case, could be sucked with the banks into the whirlpool, and the result could be bankruptcy." That's not just talk: Iceland's GDP amounts to less than one-tenth of the total assets of its three biggest banks, all of which are in trouble. British financial authorities warned on Tuesday that Icesave, a subsidiary of Landsbanki, Iceland's second biggest bank, might...