Word: bankses
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The last time we realized the financial system had sold us out-this was way back in 2001/2002-one of the results was a half-a-billion-dollar settlement with Wall Street's stock analysts. As you might recall, investment banks had a bad habit of issuing overly rosy opinions of...
What will happen to independent stock research? It is an important question to ask, especially at a time when the ethics of financial firms are again front-and-center. Dozens of independent research companies-by some estimates, 60 to 70-have been selling their work to investment banks over the...
Interbank lending - another gauge of credit conditions - is often captured by the TED spread, which measures the premium banks pay over government bonds when they borrow money from one another. The difference is now just about 1 percentage point - what it was before Lehman Brothers filed for bankruptcy protection last...
That's nothing like the quarter-to-half-point premium banks had gotten used to in the early 2000s, but it's still well down from 1.4 percentage points at the beginning of the year. Not to mention the 4.6-point gap it hit in the worst of the market...
“Yellow Earth” takes place in a village on the banks of the Yellow River, where a soldier has been sent to collect folk songs to be used for promoting the Communist Revolution. His primary source is a young girl named Cuiqiao, who longs to escape...