Word: bankses
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Citigroup and other banks have also lost money and will need more capital to survive. But in those cases it's not clear who will take the hit - shareholders, bondholders or the government. In the cases of AIG, Freddie Mac and Fannie Mae, however, there is no question where the...
Treasury Secretary Tim Geithner has a problem. On the one hand, he has to act to save the banks if he's going to start credit flowing and get the U.S. economy back on track. On the other hand, doing so makes him and his bosses look bad. Americans are...
We have focused too much on each individual bank and its possibility for failure. The economy does not need every bank to survive; it needs most. Right now, we need to know which ones. By propping up financial institutions that are subject to unknown potential losses, the government is prolonging...
The Aspiring Minority Business Leaders and Entrepreneurs student group recognized singer, actress, and entrepreneur Tatyana M. Ali ’02 at a conference Saturday focusing on nontraditional business fields and resourceful job-seeking in the midst of an economic downturn. The conference, attended by about 150 students and held...
Big foreign companies also figured prominently on the list. In fact, they got nearly $60 billion at a time when U.S. firms, notably General Motors, are having to beg for federal dollars just to stay solvent. The biggest winners were French banks, including Société Gén...