Newsweek - USA By Christian Caryl | NEWSWEEK Right up until the last minute, virtually no one in Japanese Prime Minister Yasuo Fukuda's entourage—not his ministers, ...
For the second day running, everyone focuses on the government takeover of Fannie Mae and Freddie Mac, which is expected to be announced later today. The New York Times pokes through the two mortgage-finance giants' entrails, revealing that the multi-billion dollar bailout was prompted in part by the discovery that Freddie Mac had overstated its capital cushion, presenting itself as more stable than in fact it was. Fannie Mae was in slightly better shape, but would have struggled to remain afloat once the government took action against Freddie Mac.
to be prepared and ready to do something:
All our bags are packed, and we don't have to leave for another hour, so we're in good shape.
adjective [after verb]
1 floating on water:
She spent seven days afloat on a raft.
He managed to keep/stay afloat by holding on to the side of the boat.
2 having enough money to pay what you owe:
Many small businesses are struggling to stay/keep afloat.
en・tou・rage
［f.］>n. 周囲（の人々）, 側近; 随員団; 環境.
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