Word: bankses
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Troubled financial institutions that recruit heavily from Harvard may soon face restrictions on hiring international students if they accepted federal bailout funding. Under a recently passed amendment to the federal stimulus bill, companies participating in the Troubled Assets Relief Program—a government financial-rescue plan implemented last fall?...
It's ugly, but it's true: when a Washington power player looks set to fall, the capital drools. So Treasury Secretary Timothy Geithner found himself the object of intense interest when he went before the House Ways and Means Committee to testify on Tuesday. It was his first major...
For all Washington's conviction that perception is reality, Geithner's fate rests less on how he performs in public than on how his plans fare: the market and most Americans care a lot more about the substance of the Administration's efforts to save the economy than they do...
On that score, of course, the jury is still out. Geithner and the Administration have resisted outright nationalization of the banks because of the cost, complexity and political hazards of doing so. Instead, they are trying to get the market to price the incredibly complicated mortgage-backed assets that are...
The gag, which refers to the implosion of Reykjavik's banks last October and the subsequent political crisis, was a wry reminder of Ireland's financial fall from grace. But one reason people laughed was they believed things in Ireland would never get that bad. (See pictures of hope in...