Word: bankes
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...principal figure was the head of the Bank of England, a fellow called Montagu Norman. He was a complete eccentric. He carried the mystique that Alan Greenspan did a few years ago. His major problem was he had a very fragile mental constitution - not a good attribute if you're a central banker - but he exerted this influence, particularly on Americans. They were just completely bowled over by him. (See pictures of the global financial crisis...
...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...
...Through their history, the Tigers have financed their operations with bank robberies and drug smuggling, among other illegal acts. They are also believed to get much of their support from ethnic Tamils living in Western Europe and Canada. Some estimates say the LTTE raises more than $200 million a year...