Word: banke
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...credit cards? Do I really need this caviar face treatment? Or, as Ayres writes, "does anyone my age have any money? Or are my financial issues generational in nature?" A hundred pages later, he will move in with a woman and score a mortgage from a little bank called IndyMac, which would eventually go on to become the second-largest bank failure in history. Somehow, Ayres knew the fall was coming and kept going anyway...
...product of people being evicted from their homes during foreclosure proceedings is that they often end up renting a place to live. After losing a house to the bank, they are not likely to be homeowners again for years...
...past few weeks, Stanford, who operates Antigua-based Stanford International Bank, and his companies had fallen under the eye of the FBI, the SEC and other regulatory bodies...
...Banks lend money to one another and charge interest in the process. The risk of borrowing from a firm owned by the government should be extremely low. Borrowing from a U.S. regional bank is, on paper, more risky. All inter-bank borrowing would almost certainly move toward taking money from the firms backed by the government balance sheet. Interbank lending among private banks could disappear...
...national bank is almost certain to follow practices which are unsound, which would not make it terribly different from the large firms that helped get the economy into trouble. Bank managements bought toxic assets two or three years ago. A government-controlled bank might offer mortgages at extremely low rates, rates so low that they clearly do not take into account the level of home loan defaults. From a policy standpoint, it may make "sense" to do that to help buttress the housing market. But, to some extent that moves the government's control of the credit system from nationalizing...