Its assets are now concentrated in so-called agency paper, including mortgage and other debt backed by entities like Freddie Mac, Fannie Mae and the Tennessee Valley Authority.
The Daily Telegraph report said China Development Bank has in the past week built a small but symbolic position in Rio Tinto, now still less than 1%, adding that it is the first time a Chinese state-backed entity has taken a direct stake in a global mining firm.
Leavell was attending the U.N. Summit as a member of the Global Restoration Council, a new entity backed by the World Resources Institute.
Palmer will become CEO of the merged entity, backed by a leadership drawing from executives on both sides (names, roles not yet formally announced).
Last year, the firm span out a WeWork China entity backed by $500 million from investors, while capital also went to WeWork Japan — a unit that investor SoftBank owns half of — and WeWork Pacific, its business focused on Southeast Asia and other parts of the region which also got a $500 million to spend.
Liberty Works, the third-party entity backed by Rove, will no longer be part of the RNC's effort to catch up to Democrats in the tech and data sphere, the RNC confirmed to The Huffington Post.
"Goldman would likely accept a small concession but may look to its funders to absorb the loss (or a portion of the loss)." In September 2008, the Federal Reserve stepped in and rescued AIG, loaning it billions and creating an entity backed by taxpayer money that would essentially take the credit default swaps off AIG's books, potentially saving the firm from bankruptcy.
Citi described itself as "pleased" to have brought its time as a government-backed entity to a close.
"The Dubai authorities were left with no other option but to take responsibility — finally — for what had always been portrayed to investors as a state-backed entity," said Christopher Davidson, an author of separate books on Dubai and Abu Dhabi.
Less than two weeks after the Federal Election Commission flashed the green light to so-called 527 political organizations, a GOP-backed entity today announced that it will accelerate plans to raise and spend millions of dollars in support of Republicans this fall.The Republican group, the Leadership Forum, announced this afternoon that Speaker Dennis Hastert (R-Ill).
