Word: bankes
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Dates: during 2000-2009
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...stock market has soared is that Chinese companies have received so much cheap financing that they have dumped proceeds into the equity market for lack of better alternatives. Andrew Barber, Asia strategist at Research Edge, a New Haven, Conn., investment-research firm, estimates that up to 30% of new bank lending this year has wound its way into equities. Why isn't the money going into new businesses? The evidence suggests that in key parts of the economy growth remains anemic, particularly the important export-manufacturing sector, which continues to suffer from the reduction in global demand. According...
...crisis period] with eyes wide open," says Barber, recognizing that loans being granted in a relatively weak economic climate could start to go bad in droves. The country's once shaky financial sector was cleaned up several years ago - in 2007, nonperforming loans amounted to just 3% of total bank assets - and vehicles set up to deal with China's last banking crisis still exist. In other words, Beijing thinks its financial system is strong enough to handle the risks of its very loose monetary policy...
...people simply looking for a place to live, though, deals abound. The house that the Robertses finally bought - with three bedrooms, granite countertops and textured walls - had been listed at $315,000 before its owners fell into foreclosure and the bank took over. The Robertses paid $169,000. "We never thought we'd be able to have such a nice house," says Jillian happily...
Still Too Late for Some It would be less monstrous if more people could take advantage of government and bank programs that would allow them to stay in their homes. But this part of the equation has been difficult in Boise and nationwide - the reason the Obama Administration recently invited 25 mortgage servicers for a day of head-knocking in Washington...
...devastating thing for the Lupos is that they'd gotten Wells Fargo, their bank, to agree to a short sale. The Lupos had found a buyer who would pay market price for the house - short of what was owed - and Wells agreed to forgive the rest of the couple's debt. The sticking point was a second lien - a $75,000 home-equity loan - owned by a different division of Wells. The buyer got spooked and walked. The Lupos have since moved into a rental house and now live in fear of the bank coming after them. "It's humiliating...