Word: bankes
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Dates: during 2000-2009
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...What do you mean? Like right now we're arguing over CEO salaries. Why is this in my life now? Why do I have to care? It's because politicians have forced me to be a shareholder in an insurance company or a car company or a bank. I don't want to be a shareholder in that! Gosh...
...those companies. But current lofty yields imply investor expectations that one-fifth of these bonds will default, according to Moody's, even though the recent default rate in this sector has been around 3%. Notes Kirk Hartman, chief investment officer for Wells Capital Management, a division of Wells Fargo bank: "Spreads [over Treasuries] in the bond market are pricing in a depression scenario, while the equity markets, despite a substantial decline, are pricing in a recession." (Read "The Recession Is Made Official - and Stocks Take a Dive...
...investment losses are sure to rankle lawmakers already unhappy with the way the Treasury has handled the first stage of the $700 billion financial-rescue plan. In a hearing on Wednesday, members of the House Financial Services Committee said the Treasury has not done enough to slow foreclosures, increase bank lending or protect taxpayers' money. Lawmakers questioned Assistant Treasury Secretary Neel Kashkari on why his agency had not yet hired an outside firm to help manage its investments. They also wanted to know whether the Treasury Department had set a limit on executive compensation at the firms in which Treasury...
...addition to the preferred shares, the Treasury Department is also getting warrants from the banks that give it the right to purchase additional shares of the company equal to 15% of its investment. With a $10 billion investment, then, Treasury gets $10 billion in preferred shares and the right to buy an addition $1.5 billion in additional plain-vanilla stock - the kind regular investors would buy. The twist is that the government can buy those shares at a set price - an average of what the company's stock was trading at during the 20-day period prior to its initial...
...time around. On Dec. 4, Putin fielded vetted questions from around the nation on a televised call-in show. One of the most poignant was a text message from an unnamed viewer: "What will happen to the ruble, and what is the best currency to keep deposited in the bank?" Putin's hopeful reply: "There will be no sharp fluctuations in the ruble's exchange rate...