Word: bankses
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The challenge for The International - for any thriller that's waist-deep in cynicism - is to create a goal the hero can achieve, whether or not that makes any difference. In the movie world, Clive Owen can track, find and eliminate the bad guy. In the real world, a banker...
Vengeance is mine, saith the Lord, except that right now everyone wants a little piece of it. The mob has been chanting for months, ever since former Treasury Secretary Henry Paulson arrived in late September on Capitol Hill to warn of disaster, pass around his three-page plan and demand...
The madness of gambling is based on the belief that either the player will win or somehow come up with the money if he loses. Since gamblers frequenting casinos rarely win, the real issue is their ability to pay off debt. Las Vegas has become like the rest of America...
TARP Eligible banks will be permitted to access capital remaining in the $700 billion Troubled Asset Relief Program. Recipients will be required to show how the funds would promote new lending.
ASSETS In an effort to cleanse banks' balance sheets, the government will spend up to $1 trillion on a Public-Private Investment Fund that will provide private investors with incentives to acquire toxic assets.