Syria, says Nagl, is another good place to think hard about collateral chaos: "The hard part is not toppling Assad, it's what comes afterwards.
Among the cars in a large nearby warehouse were vintage Buicks used in "Road to Perdition," an Austin Powers Jaguar painted with the Union Jack, a 1974 Corvette seen in "Rush Hour," a pair of BMW's used in "Showtime" and various cars that saw action in "Terminator 3," the "Die Hard" films, "Collateral Damage" and "Clear and Present Danger".
American forces in Iraq have tried hard to avoid "collateral damage," but they have nevertheless made some costly mistakes.
Independence Day, Towering Inferno, Die Hard, Executive Decision, Collateral Damage, Air Force One, King Kong, Godzilla, Deep Impact, The Siege - maybe it's quicker just to list all the films which don't contain a premonition of the World Trade Centre being blown to smithereens.
The new deal also alters the role of the Federal Reserve, which had agreed to backstop $30 billion worth of Bear Stearns' hard-to-sell collateral, reducing JPMorgan's risk in taking over the beleaguered investment bank.
Improving relationships means that you have the hard conversations without creating collateral damage.
The Primary Dealer Credit Facility, which is made available to those investment banks that trade directly with the Fed, will loan money to those firms in exchange for a broad range of collateral, including hard-to-sell mortgage assets.
Meanwhile, with the collapse of the housing bubble and the implosion of some hedge funds and special investment vehicles, private paper has gotten harder to use as collateral, so there has been a domestic flight to quality and Treasurys.
Trone reasons the run on Bear Stearns has stabilized after the Federal Reserve vowed to take $30 billion in its collateral, mostly hard-to-sell assets, and after JPMorgan vowed to stand behind all of its trades.
With no collateral, it's hard to get debtor-in-possession funding, so we could see more sales".
