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While Mr. Viniar acknowledged that Goldman's relationship with A.I.G. raised what he called a complex set of issues, he was adamant that, because of the collateral Goldman held and hedging trades with third parties, it would not have been damaged directly if A.I.G. had been allowed to collapse.
"Unfortunately, millions of Pakistani workers risk losing their jobs, destabilizing the economy and potentially the entire government, because of the collateral effects of the military activity in neighboring Afghanistan," said Senator Jon Kyl, a Republican from Arizona who supports some trade concessions for Pakistan.
Central banks are understandably reluctant to raise rates because of the collateral damage that it will cause; very little of the pre-2007 debt has been paid off and a rise in rates across the curve might cause problems for business and the housing market.
The work of Wasihun and Paul (2010) found that the major difficulty for entrepreneurs, especially for women, is access to credit because of the collateral requirement by the banks.
Previous articles have reported that such flow interruption would not yield significant neurologic or vascular complications because of the collateral flow through the left common carotid artery and the circle of Willis [9].
Whatever the case, whoever is chosen should not be hamstrung with so much disappointment by the supporters of the other side that the most important goal -- that of recapturing the White House that was stolen in the election of 2000 -- is not realized because of the collateral damage done to the fabric of either candidate's persona and political being.
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Recently, the European Central Bank has refused to lend directly to Greek banks because the quality of the collateral they have to offer has become extremely poor.
But Goldman, because of the cash collateral agreements and hedging with credit default swaps, actually had no direct exposure to AIG, Viniar said, and would not have had direct losses in an AIG bankruptcy.
Not from the Justice Department that would not prosecute the $2 trillion-dollar HSBC Bank for laundering Iranian terrorist funds because of the possible "collateral consequences" of bank withdrawals.
One effusion was fresh and of unknown origin, whereas the second was caused by joint instability because of the severed collateral stifle ligament (see above).
"But it exposes the E.C.B. to risks linked to the banks because no one knows the quality of the collateral they are providing".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com