Word: swallowing
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...sales, doing more harm than if the government just left the troubled loans where they are. Sources say the Federal Reserve would prefer to let the banks keep the loans and troubled bonds for now and instead provide the banks with insurance policies guaranteeing that the government will swallow a good deal of future credit losses. But a similar deal that the Fed struck with Citi did little to boost that company's stock or stave off fears that it may soon go under...
...after the author has quoted Emerson on self-reliance, Mill on utility and Jared Diamond on the rise and fall of civilizations - one realizes the narrative has veered well past the claim that teachers shouldn't be saddled with a $20 million lawsuit every time a student decides to swallow a tack. The patient reader will likely find the intellectual detours worth hanging...
...Notice Democrats on Capitol Hill played Obama's unexpectedly generous business-oriented tax cuts to their advantage by swiftly demanding greater spending for their priorities. Whatever concessions Obama made in response - there were frantic closed-door meetings to calm the Democrats down - he was probably going to have to swallow in the form of more spending anyway. Meanwhile, he indicated that he was not inclined to permit Democrats in Congress to look for ways to prosecute outgoing Bush officials over their conduct on the war or their authorization of torture. And Obama, in contrast to House Speaker Nancy Pelosi...
...What's more, to get many of these deals done, the FDIC has had to swallow the banks' riskiest assets. The FDIC now owns $15 billion in bank loans and other troubled debts, up from about $300 million at the end of 2006. In its most recent deal to sell California-based IndyMac to a group of private-equity investors, the FDIC agreed to shoulder as much as 75% of the bank's $16 billion lending portfolio in order to close the deal...
...confrontation with an enhanced status, but the scale of the humanitarian disaster wrought by Operation Cast Lead renders maintaining the economic blockade untenable. Hamas may claim vindication, but it will not be allowed to directly control the crossings itself, as it had demanded, and it will be forced to swallow many other compromises...