Word: bankes
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Dates: during 2000-2009
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While the battle between Bank of America CEO Ken Lewis and former Merrill Lynch CEO John Thain goes on over who knew about large bonuses and large losses and when they knew it, recent news that the bank will get $20 billion from the federal government along with $108 billion in loss guarantees has almost been forgotten. Much of the paper being supported by the government came from the Merrill acquisition...
...latest chapter in the blood sport between the two executives is a report that Bank of America was aware of $5.8 billion in bonuses going B of A and Merrill employees. Lewis had hinted that he was a bit in the dark about the arrangement. (See pictures of the global financial crisis...
...possible that amid the current credit crisis, banks have been unwilling to lend money for this trading operation. More likely, though, is that there is limited access to infrastructure for storage. A bank or hedge fund with no such infrastructure has to jump an enormous barrier to entry in order to set itself up for storage - apparently to the point of leasing supertankers...
...Israel preemptively attacked Egypt, Jordan and Syria, and occupied the West Bank and Gaza, largely populated by refugees of 1948, as well as East Jerusalem, the Golan Heights and Sinai (later returned to Egypt). This generated another approximately 200,000 Palestinian refugees who were also forbidden to return. Since 1973, Israeli governments have gradually moved about 400,000 Jewish settlers into the West Bank and another 200,000 into East Jerusalem, appropriating about 50 percent of the land (when roads and other infrastructure are taken into account), taking over the water, and alternately exploiting and starving the West Bank...
...Israel), and to protect against terrorism inside Israel. The international human rights NGOs such as Human Rights Watch, Amnesty International, the United Nations that have denounced Palestinian terror tactics have unanimously condemned Israel on many occasions for violating the human rights of the Palestinians in the West Bank and Gaza...