Word: bankses
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How many banks will fail in the U.S. over the next year as the recession deepens? Answering that is like trying to guess whether a poker player will draw an ace on any given hand. Someone may have a big computer program that can find that number, but like most...
According to Reuters, there are over 8,300 FDIC-insured banks in America. Last August, dour economist Nouriel Roubini told Barron's that 1,400 banks in the U.S. would eventually fail. That was long before almost anyone had a sense of how tremendously damaging the recession would be.
Strata is one of the many so-called toxic assets clogging the nation's financial pathways. What's more, the complicated bond and its ilk are likely to present a significant stumbling block in the government's latest effort to fix our ailing banks. (Read "Why Your Bank is Broke...
It's these bonds that the government's aggregator bank will have to deal with first. In a November survey officers at the nation's largest banks said CDOs were among the assets they would most like to sell should the government begin buying troubled bonds.
The Harvard Black Students Association kicked off Black History Month Friday with its fourth annual Crimson & Black Banquet in Kirkland House, honoring CNN political correspondent Soledad M. O’Brien ’88. Entitled “The Good Fight: Champions and Political Change,” the...