Word: bankes
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Dates: during 2000-2009
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With so many Ponzis and so little time to know if you've been hoodwinked, there are some red flags even the most trusting investors can bank on: yachts, mansions, jets and women. If your investment adviser is dabbling in any of the above, there's a good chance you've been Ponzi-ed or are about...
...model for nationalizations could prove valuable in the months ahead. The government is in the process of stress-testing the nation's largest banks as part of Treasury Secretary Timothy Geithner's plan to fix the ailing banking sector. And many think the outcome of those tests could lead to more takeovers. So far, Geithner and other officials have denied they are interested in running banks. But in the past few weeks, a number of prominent Republicans and fiscal conservatives, most notably former Federal Reserve chairman Alan Greenspan and Senator Lindsey Graham, have joined those who think the government should...
IndyMac will soon earn the first half of its name back. The Federal Government, which seized the failed bank last summer, is expected to close a deal in the next week that would return the California mortgage lender to private ownership. For IndyMac, the deal means independence in less than eight months. For the government, the IndyMac sale provides a shining example of how takeovers can work, at a time when the Obama Administration may soon begin pushing for more nationalizations. (See 25 people to blame for the financial crisis...
...Crimson’s stalemate with Brown will finally end with a clear winner, as the Harvard men’s hockey team plays host to the 12th-seeded Bears in the first round of the Bank of America ECAC Tournament this weekend...
...groups, which include Oxfam, CARE International and the Dutch and French branches of Doctors Without Borders, have been told to turn over bank account information and lists of their assets. Vanessa van Schoor, Sudan operational manager for MSF Holland, said government agents had begun seizing computers and scanners at the group's offices...