It was backed up by notes from Foreign Office staff who had visited the men and documented their injuries, she said.
The paper argues that we should eliminate legal restrictions on private currency issuance to allow private firms to create money backed either by Federal Reserve notes or commodities like gold, a position I completely agree with.
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Finally, its support of the financial system with massive asset purchases in frozen markets, including commercial paper, mortgage backed securities, and currently Treasury notes.
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Money market funds may also invest in municipal bonds backed by state governments, short-term notes issued by corporations, or CDs.
And third, every securitization was certified by a Trustee who claimed to have all relevant documents, including the wet ink notes, related to the mortgages that backed up the securities.
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Asset-backed securities have worked fine with financing things like auto loans and equipment leasing, notes New York securities lawyer Chris DiAngelo.
"Profits were under pressure, " notes Warren Kornfeld, managing director and co-head of residential mortgage backed securities at Moody's, of the subprime sector.
EU-NAVFOR, a task force backed by the European Union to protect ships off the coast of Somalia, notes that after detaining suspected pirates, they have no authority to prosecute them.
"This market was the hardest hit last year, " notes Chandra Bhattacharya, a Credit Suisse strategist who specializes in residential mortgage-backed securities.
This would require the monetary base (rupiah notes, coins, and deposits with the monetary authorities) to be fully backed by reserves of dollars.
The Fed will exchange the Treasury notes for other securities, including federal agency debt, federal agency residential mortgage-backed securities and nonagency AAA-rated private-label residential mortgage-backed securities.
The analyst even said that the extension is a positive in that the holders of the notes are continuing to work with the company on the liquidation of the underlying mortgage-backed securities, which are serving as collateral for the debt.
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