Word: sells
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...Hidden Flaws and the "Reasonable Man" Medieval jurists like Maimonides identified a more specific kind of bad advice. They tackled the idea of the "hidden flaw," which, Levine points out, leads directly to a demand for fiscal disclosure. "If you sell an animal, you had to disclose to the buyer what the hidden flaw is," he explains. Not only that: "the disclosure has to be made so that a 'reasonable,' or average man can decide" whether to buy. Once again, almost the entire chain of transactors in the mortgage crisis is guilty: predatory brokers for not alerting working-class borrowers...
Then why the late-Friday rebound? Certainly not from any significant easing in credit markets, where most measures of banks' unwillingness to lend to each other remained off the charts. And yet the late-afternoon sell-off that investors had come to expect - from hedge funds and other investors freeing up cash to make margin calls and pay clients wanting to withdraw money - didn't come. Instead, around 3 p.m., indexes began to rise...
...with a flat bed, and Prem+, a step up from economy, with reclining seats and 52 inches of legroom. On Oct. 15, the carrier will begin service between New York and Amsterdam; the first 1,000 customers flying Prem+ will pay just $499 roundtrip. The airline will also sell 1,000 Prem+ seats from NYC to Paris...
...instead rely on internal cash management - in some cases, borrowing from their own pension funds if necessary - which means they aren't dependent on outside borrowing in order to make payroll and keep the lights on. And even those municipalities that do use short-term notes may succeed in selling them in the end. On Oct. 8, Massachusetts finally sold its $750 million worth after hiring Goldman Sachs and Citigroup to find buyers, instead of running a normal auction. California is going to try to sell $4 billion worth of securities next week...
...billions of dollars to get toxic mortgage-related assets off bank balance sheets and inject capital into the companies. "We were really worried," says Jonathan Miller, the state's secretary for finance and administration. "We had encountered a lot of pessimism and skepticism that we'd be able to sell these bonds." Bolstered by how the Kentucky issue went, Ohio followed with a $240 million offering of its own that afternoon. "While the floodgates won't necessarily open, things aren't quite as dire as people have thought," says Scott Pattison, executive director of the National Association of State Budget...