The Central Bank should have a permanent window for discounting high quality securities where banks could go and discount these. It gives peace of mind to the banks. In the absence of this facility, what banks tend to do is to keep a liquidity cushion for emergency requirements. This is a very expensive way of managing liquidity.
Equity is the cushion that protects financial institutions from unexpected changes in the value of their assets. The greater the leverage, the smaller the losses required to wipe out a company's equity, leaving it without enough money to repay the people who hold its debt.
I noticed the more muscle I put on, the more cushion and padding I had, the better my performances were getting. I decided I could be this little, stick-thin thing out there and be hurt all the time, or I could show my athleticism, and if it comes with a little bit of weight on the side, it is what it is.
Unfortunately, we don't have the luxury of being paid like NBA, NFL and soccer and baseball athletes. They have that cushion where they can kind of hang out. Even the guys on the bench. But for us, we don't fight, we don't get paid and that's the scary reality to it all.
Liberals become indignant when you question their patriotism, but simultaneously work overtime to give terrorists a cushion for the next attack and laugh at dumb Americans who love their country and hate the enemy.
I can't miss an episode of 'The Apprentice'. It is car-crash T.V. Sometimes I find myself hiding behind a cushion.
Cherish all your happy moments; they make a fine cushion for old age.
It's a little weird: you're headlining a show on TV, and obviously, people like to associate that with material things. I drive a - what is it - 1999 Chevy Blazer. There's no more cushion on the driver's seat, and the tires are about gone.
After college, I was burdened with student loans to repay, no financial cushion, so I wasn't in a position to bet everything on a creative-writing career - neither the writing-workshop academia life nor the freelance-writer version, trying to scrape by on short stories and house-painting gigs.
Always make sure that you can support yourself and that you always have a cushion. And never, ever, depend on anyone else for money.
