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Critics charge they're glorified bagmen in a pay-to-play world in which public officials hand assets to money managers willing to contribute to their political campaigns or otherwise enrich them.
The plans currently have on hand assets to pay just 35percentt of already earned benefits.
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In the deal, ICG's Asian subsidiary was potentially handing assets worth $164 million to Hutchison for just $29 million.
So according to Ross, he complied with his ethics agreement in part by handing assets over to his own family members, which technically counts as a divestiture, but left the Ross family with a handful of interests alongside the same motley actors that Secretary Ross is supposed to be getting tough with.
The Securities Investor Protection Corporation, on the other hand, protects assets if there is a problem at your brokerage firm.
The story of an invisible hand controlling assets from a protected distance might seem like an imaginative leap.
They hand public assets to profiteers at knockdown prices, robbing the taxpayer and leaving individuals at the mercy of private companies who have no interest in their wellbeing.
Separately, the proposals would create a new reserve requirement, mandating that banks keep enough cash on hand — or assets sold easily for cash — to pay their bills for 30 days.
In Europe, banks and regulators focus on risk-weighted capital as opposed to pure capital, allowing those banks to keep significantly less collateral on hand for assets that are deemed not very risky, like ultra-safe Treasury bonds.
And Moscow has been changeable in its enthusiasm for foreign companies over time, sometimes putting pressure on them to hand over assets or control, as Dudley found out with TNK-BP.
The new management team installed by the central bank at Otkritie is reportedly demanding that some of the wealthy businessmen who owned the bank hand over assets to help plug a hole in the books of between $3.3bn£2.5bnbn) and $6.5bn.
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