Word: bankses
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In a recent study of credit trends, FICO - maker of the loan-scoring system most widely used by banks - found that among people with high credit scores, consumers were more likely to default on their mortgage than on credit-card or auto loans. In fact, borrowers with a 700-709...
The rift, which threatens multi-billion-dollar investments in Libya, began when Swiss police arrested Gaddafi's youngest son Hannibal and his wife in July 2008, for allegedly assaulting two of their servants in a Geneva hotel. The couple denied the charges, which were quickly dropped, but the row continued...
Basic macroeconomics teaches that fiscal and monetary policy are related; therefore, governments and central banks must sometimes be able to take wide-ranging action on both during crises. As George Soros wrote in the Financial Times on Monday, “When the financial system is in danger of collapsing...
But while most conspiracy theories are overblown, some experts believe there is at least some kernel of truth to them. "They are correct to say there has been massive short-selling against the euro," says Iain Begg, an associate fellow at the London think tank Chatham House. "Speculation is what...
At Davos, French President Nicolas Sarkozy blamed globalization for the financial crisis. However, what we need is more, not less, globalization—Michael Dawson, a political science Professor at the University of Chicago, devised the term “linked fate,” a concept in which interdependence...