Word: banke
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...that point, pressure mounted from regulators, the Federal Reserve and Congress on the Financial Accounting Standards Board to loosen accounting rules so that the toxic assets' book value could be marked up to buttress the banks' balance sheets - conveniently raising the assets' potential sales price at the same time. And in late March, days before the meeting with the bank CEOs, Geithner and Obama unveiled the government subsidies for buyers, drawing big names like Blackstone and Pimco into the market to purchase the assets from the banks and resell them...
General Growth owes billions of dollars to Citigroup (C), Deustsche Bank (DB), and Goldman Sachs (GS). It is very likely that every large money center bank and investment house has loaned money to commercial property owners because not so long ago the value of these assets was rising sharply every year...
...will, believe it or not, eventually get out of the current financial crisis. Then it will face an even bigger challenge: creating a real economy that will be as internationally competitive in the 21st century as it was in the 20th century. All of the recent bank bailouts and mortgage plans will, even if they succeed, build an economic foundation of bricks without straw - ready to crumble - if we don't create a productive economy again. That means creating a workforce that is educated well enough to produce more value per capita than other countries. This will be especially true...
...Goldman Sachs gambling with government funds? During the first quarter, the investment bank greatly increased the amount of trading risk it takes in the market. Should those wagers go sour, Goldman could lose heavily, and so could taxpayers...
...Goldman said that much of its increased trading was to execute client orders, and not trades the bank was making solely on its own. During a conference call with analysts and investors, Goldman CFO David Viniar said that most of Goldman's trading profits came from such liquid investments as Treasury bonds and not in the trickier markets for subprime mortgage bonds or credit default swaps, which can be harder to buy and sell. Goldman said it made very little money from CDS contracts it settled with AIG, but declined to comment exactly how its trading profits were generated...