Word: bankes
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Dates: during 2000-2009
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...modern way of burying a treasure chest of cash, banking experts say, is to have your own bank that is funded by nameless wire transfers to Switzerland, the Caymans, Liechtenstein. It's still unclear as to whether Madoff had his own bank, but there is always the ever popular method of hidden safes and multiple, anonymously managed safety-deposit boxes loaded with cash, or even better, "bearer bonds," an old-fashioned but effective tool that is as good as cash and can be presented to banks by anyone bearing them - no questions asked. Today they are used frequently in Central...
...after another through the grapevine about neighbors losing jobs or being reassigned to jobs they didn't want. No livelihood seems secure. We are (or were) journalists and college professors, government workers and architects, administrative assistants and teachers, a hairstylist, car salesman, computer technician, library administrator, nurse, social worker, bank employee, crop scientist, graphic designer and small-business owner. And suddenly we seem divided into two equally nervous camps: the overworked company employees and the underworked, often newly self-employed, scrambling to find customers or a new career...
...hands of people like Alan Greenspan and saying, 'We'll just trust you because you said it's O.K.' - I don't think anyone is going to do that for another 50 years, until we forget about this mistake. All of the people who were running central banks allowed the financial system to become so large and leverage to become so pervasive. That they allowed banks in Iceland to become 850% of GDP is crazy. The Royal Bank of Scotland had the largest balance sheet in the world for a while. That made no sense...
Merckle's investment company, VEM, owes banks €5 billion. For the past two months, Merckle had been entrenched in negotiations with some 40 banks, including Commerzbank AG, Deutsche Bank AG, Royal Bank of Scotland Group PLC and public bank Landesbank Baden-Wüerttemberg, to get a bridge loan to keep VEM afloat...
Rantissi was Hamas' political leader in Gaza when we met in a dark safehouse in April 2002. The second Palestinian intifadeh was at its height. The previous week, Israeli troops had bulldozed into the refugee camp in Jenin, in the West Bank, smashing the infrastructure of another militant group, Islamic Jihad, but also killing civilians. Israeli forces were easily beating Hamas forces in Gaza too; in Ramallah, Yasser Arafat was practically under house arrest as Israeli snipers took up position around the seat of the Palestinian government...