Word: bankses
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Investors find it disconcerting to see the stocks in the huge financial institutions that are at the foundation of the global capital system trading up and down 25% a day, and, in some cases trading in the pennies. Banks became the visible and ugly wound that reminded Wall St. each...
But, the great banking crisis of 2008 is over. It began last September 15 when Lehman Brothers filed for bankruptcy and bottomed when Citigroup (C) traded below $1 last month. Most analysts believe that mortgage-backed securities which included packages of subprime home loans failed when mortgage default rates went...
Nevertheless, they seem to be telling us something about the zeitgeist. Once you start looking, you see them everywhere. Who hasn't had a high school acquaintance come back from the dead as a Facebook friend or a follower on Twitter? And what monster could be better suited to our...
There's no question that it's a buyer's market for raw materials and that many resource companies are struggling to find willing partners and financiers. China's Rosneft injection will allow the Russian company to pay off $8.5 billion in debt-- 60% of it owed to foreign banks...
For what it's worth, Zandi says he is a registered Democrat. But he has an instinctive ability to avoid offending anyone, which happens to be a smart business strategy: politicians can cherry-pick from his research to bolster their own agendas; they then invite him to testify on Capitol...