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Analysts at Keefe , Bruyette& Woods calculated that this left the capital cover a "little thin" but were broadly supportive of the transaction.
Bankers bent rules to lend ever more riskily without anything like enough capital cover, until it all unravelled to catastrophic effect.
If banks held assets that were judged to be risk-free, they could have as many of them as they liked without worrying about the overall size of their balance-sheets or the thinness of their capital cover.
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In a meandering presentation, Mr. Einhorn, chairman of Greenlight Capital, covered countries and companies all over the globe (short Japan, bearish on China, stoked about Norway), spending a minute or two on each, and even pitched something called GO-UPS.
After all, what profits the banks had in 2009 were largely underwritten by taxpayers, who pumped in billions of dollars of capital, covered losses from the collapse of the American International Group and guaranteed the debts of Fannie Mae and Freddie Mac.
In turn, the oil-rich kingdom, which is weathering its own political and military turmoil, treated him like royalty, with billboards across the Saudi capital covered with Trump's face.
While accumulated cultural capital covers the entire socialization process, it is also the most hidden of all forms of capital in the reproduction channels.
The Wolfsonian reinstalled the elaborately carved fireplace surround, with capitals covered in plant motifs.
Such institutions would be required to hold relatively large amounts of capital to cover possible losses, relatively large amounts of cash to cover possible demands from creditors, and so on.
The starting cash of $50,000 is working capital to cover 2 months of expenses ($45,000), to provide for initial marketing efforts and as a contingency fund to cover unforEseen expenses related to the takeover of the business.
Groupon acknowledged that it did not set aside sufficient capital to cover consumer returns.
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