Once upon a time, Swansea was on the verge of being relegated from the fully professional ranks and flirting with financial insolvency.
"The state's undemocratic tax cap is exacerbating glaring inequities in funding while pushing many school districts to the brink of educational and financial insolvency, " NYSUT President Richard Iannuzzi said.
In contrast, advocates of bail-ins are justified in arguing that contagion is best contained when resolution costs are restricted to those parties most related to (or responsible for) a particular financial insolvency.
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He said in December of that year that he did not "expect insolvency or near insolvency among major financial institutions".
But, the nation is ailing, and there is a worry in my gut of a creeping depression, a severe contraction in the wake of wealth inequality, disorderly financial markets, threats of insolvency to banks again.
In past episodes authorities have typically not committed public money to their financial systems until bank failures and insolvency have become widespread.
He deftly sidestepped the financial crisis that nearly drove GE into insolvency, because UTC never built up a finance arm dependent upon commercial paper markets for funding.
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It greatly magnified and concentrated the mortgage valuation problem, allowed derivative investors to game the system and added to the perception of insolvency for many of the financial institutions which then had to be bailed out.
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Lennon's successes at Central Park have been in spite of financial constraints as the Blue Brazil flirted with insolvency.
In suing Huntsman, Hexion said its change of heart came after Huntsman's deteriorating financial performance placed it on a path to insolvency.
Not only did that make the pension scheme much more secure for its members, but the ensuing financial clarity has arguably saved the entire company from insolvency.
When the two mortgage giants were about to implode from insolvency, Congress simply nationalized them, making the taxpayers responsible for their financial obligations.
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Taken together, these measures will allow banks and financial institutions to catch their breath and not fear that they will be gratuitously plunged into insolvency.
Ed Thomas, insolvency practitioner at accountancy firm Mazars told Credit Today it was the celebrity's responsibility to ensure their financial affairs are up-to-date.
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