"We are not going to wake up one day and totally revalue the loans," says Gary Perlin, Capital One's chief financial officer.If a sudden subprime-style meltdown in the credit-card market is improbable, the risks of a sustained downturn are much more real.
As a result, perhaps, my Japanese neighbors seem unusually good at adapting themselves to circumstance -- fire or nuclear meltdown, sudden earthquake or infidelity (to which the local response is nearly always "It can't be helped") -- and unusually good at following orders (hence, perhaps, their celebrated brutality in war).
However dramatic and abrupt the events of September were, when Lehman failed and the government rescued Fannie Mae, Freddie Mac, and A.I.G., the meltdown was not so sudden.
Mr. Blanckaert said that the sudden currency fluctuations that had accompanied this meltdown had led to extreme instability in revenue and made it difficult to price products across markets.
Cameron retains a Thatcherite faith in the free market; since the financial crisis began, it has felt more and more out of date, given all the market meltdowns and "the public's quite sudden distrust of the neoliberal economic project".
Last summer's crisis Round One in the meltdown of the mortgage-backed bond markets was characterized by a sudden, shocking loss of liquidity in the most speculative tranches of mortgage-backed securities, rated triple-B by the rating agencies.
While Ailes doesn't think the evening news "will die a sudden death" when the big three anchors leave, he can picture a fast meltdown.
State officials could justify the need for austerity by warning that a sudden surge in spending might trigger inflation, a crisis of confidence and an economic meltdown.
The reason for her outrage is her sudden departure from solvency, a development set off by the one-two punch of the economic meltdown and a stroke.
