Word: bankes
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Dates: during 2000-2009
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...money with it. Despite this early blow, Harvard Management Company, which invests the University’s endowment, credited its practice of monitoring external investments with keeping total returns in the black. The downturn accelerated in recent months as lenders spooked by steep losses and high-profile bank failures have tightened their purse strings. While recent government intervention has calmed markets somewhat, Harvard’s money managers wrote in their annual letter to investors announcing this year’s returns that they are “keenly aware” that the slide may continue...
...Timmons, who is not leading the effort, is working on the McCain transition-planning with former Navy Secretary John Lehman Jr., a friend and traveling companion of McCain's who runs an investment bank and recently served on the national commission that investigated the terrorist attacks of Sept...
...also yet another episode in a now year-old financial crisis that shows no signs of abating. Paulson's announcement briefly rallied stock markets around the world. But jittery investors kept running for the exits at Seattle-based thrift Washington Mutual and the investment bank Lehman Bros.--although Lehman's earnings announcement on Sept. 10 sent the stock up slightly, despite the revelation of a $3.9 billion quarterly loss...
...There were also $29 billion in government loans behind Bear Stearns' shotgun marriage to JPMorgan Chase & Co. in March, although since they were made by the Federal Reserve--which can print its own money--it's not a direct cost to taxpayers. Then there are the $4.5 trillion in bank deposits insured by the FDIC. The first big bank bust of the current crisis, that of mortgage specialist IndyMac, cost an estimated $8.9 billion, leaving the FDIC with just $45 billion on hand to cover a likely rash of failures. But while the agency may hit up taxpayers...
...source was neither xenophobia toward Asian players, nor a Western superiority complex, as commentators have claimed. It was desperation. The challenge for the LPGA now is to make sure that the green on the course doesn’t play second fiddle to the green in the bank...