Word: bankses
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Though they share the same publisher, Bush and Obama won't be vying for the attention of the same editor. Bush will be edited by Sean Desmond, who has had edited such conservative authors as Pat Buchanan and Ann Coulter. Obama's editor is Crown's Rachel Klayman, who has...
As businesses such as law firms, investment banks, car companies and retailers cut jobs and move to less expensive offices, the commercial real estate industry is collapsing with astonishing speed. None of the unfinished buildings were erected with cash from the developers. Banks put the money up for the physical...
Black is reinforcing what the smart money already thinks about the big money center banks. Their CEOs are talking about profits and paying back TARP money the same way that they were calling an end to banking write-offs a year ago. Former Lehman CEO Fuld said last April that...
Before the subprime mess began, no one talked about the danger that mortgage derivatives posed to banks. Now, there is not much talk about what could bring the banking industry to its knees again. That talk has gone away and been replaced by a childish hopefulness that decades of overleveraging...
There is a reason that Citigroup is down 90% this year and down 95% from its all-time high. The experts who really know the banking industry believe that there are still hundreds of billions of dollars or write-offs walking around the financial system waiting for big banks to...