Word: bankes
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...seems clear that bank executives will benefit from the return of government funds. TARP-funded banks have to adhere to compensation rules that limit what the firms can pay their top executives. What's more, banks that received government assistance have put off buying private jets or remodeling offices so as not to appear irresponsible with taxpayer money. Industry insiders say that behind the scenes government regulators have also limited the risks that TARP-funded banks can take. (See the top 10 worst business deals of last year...
...TARP funds are a relatively inexpensive way to fund your operations these days," says Ray Soifer, a former top Wall Street analyst and a longtime bank consultant. "The problem I see is that banks are rushing to save every penny and nickel in order to pay back TARP instead of lending, which is one of the ways they make money...
...might be wise for the Administration to disclose exactly where taxpayer money is going and what the expectations are for that money to make its way back into the bank accounts of American citizens. The forecasts may be wrong the same way that most private enterprise forecasts are, but Americans would at least have a set of assumptions against which they could measure progress. The benefit of keeping people in the dark is that it pushes the day when accountability will become an issue into the future. That may make the process of governing easier, but it will eventually just...
...since Bess Truman's day and planting her famous garden to teach a lesson about healthy eating. Like all First Ladies, Michelle will at some point do or say something that gets her in trouble, and it won't just be wearing $540 sneakers to work in the food bank, the way she did last month. (See pictures of Barack Obama taken by everyday Americans...
...calm. Sales of medical masks have skyrocketed and masks are commonly being worn by commuters. Visitors to offices in Tokyo's financial center of Marunouchi as well as those entering the parliament building are now required to sanitize their hands and don masks. The chief economist at a major bank says his colleagues have canceled meetings with business associates who have arrived from abroad within the past five days. (See pictures of the swine flu in Mexico...