Word: assets
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With fewer banks making loans, more companies are turning to other sources of capital. Gerald Joseph, president of asset-based lender [i.e., lending secured by an asset] Gerber Finance, says his phone has been busy lately with calls from executives who used to get loans from banks. But, like other non-bank lenders, Joseph says he is being much more selective about which companies he does business with. "We are tightening our lending criteria," says Joseph. "We are turning away many more new clients than we used to." GE Capital, one of the nation's largest non-bank lenders...
...Even more contentious than the issue of density is the matter of socioeconomic segregation, which Allston residents say is a key factor in determining whether the new Charlesview will be an asset to Allston residents or a blight that hastens the deterioration of the neighborhood...
...With the speed and ability he has, [Fucito’s] always attacking,” senior midfielder John Stamatis said. “Brown tried to put a lot of pressure on us. If we [have] an opportunity to counter, he’s the best asset we have on the counterattack.”And while the Harvard offense was firing all cylinders, the defense was bend-but-not-break, allowing only one goal in 16 attempted shots.“We knew going into the game what to expect from Brown,” Fucito said...
...measure of how volatile investors reckon markets will be in the short term, the sharp sell-offs seen in recent months have sent the VIX to its eye-popping highs. The index is calculated from the price of options - a deal to buy or sell an asset at a fixed price and time - linked to the S&P 500. As the value of that index plummets - the leading benchmark of U.S. stocks has lost about a third of its value this year - investors are scrambling to pick up options in order to hedge against those losses. That, in turn, drives...
...weeks, Paulson had held off on direct investment, preferring instead to use the $700 billion Troubled Asset Relief Program (TARP), passed by Congress on its second go-round, to buy toxic mortgage-related assets from the banks. The bank bailout will be funded out of that budget, and the Treasury still plans to start buying troubled assets in the next month or so. But that wasn't soon enough for worried investors or for Fed Chairman Ben Bernanke, who according to inside reports had been advocating for a recapitalization for months. Money flowed out of the stock market, including that...