Word: bankses
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The issues of creditors, employment, and the survival of suppliers are not the real problem behind the government's concerns about the ultimate fate of GM. The real concern is that what happens at the auto company sets a precedent for the next bailout of a large American non-financial...
Once shy of making major foreign investments, Beijing has gone on the prowl for resources and underpriced assets across the globe. Cash-rich Chinese companies, backed by soft loans from state banks and re-energized by lower labor costs as jobs dry up, are descending on Central Asia, Africa and...
A firm can purchase a CDS on a company with which it has no direct relationship. Consequently, if a firm looks like it will fail, one can purchase a CDS on it so that when it collapses one receives the insurance payout. This incentivizes firms to work against each other...
Palin, Sarah • one can only imagine with enormous delight the displeasure of at the appearance of Levi Johnston on the Tyra Banks show • one can only imagine with giddy glee the displeasure of at the appearance of Levi Johnston on CBS's Early Show • one can only...
CLSA analyst Chris Wood says that recent improvements in China's economy can be attributed partly to a surge in bank lending that began in November. This, he notes, could only happen in an authoritarian country such as China, where the government can - and did - order the banks to lend...