Word: bankses
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In July, Congress tried to address the underlying problem by creating Hope for Homeowners. It's a program meant to get people behind on their payments to refinance into more affordable loans. So far, the effort has gone practically nowhere. While tens of thousands of homeowners have called to ask...
(2 of 3) But the failure of Hope for Homeowners has heightened awareness of the fact that it can be incredibly difficult to shape the behavior of private companies and create an effective fix for such a complicated problem. In December, the Comptroller of the Currency (OCC) and the Office...
The IMF, not wanting to be left out, then posted a harsh warning about the condition of the global credit and financial systems, According to Reuters, "The International Monetary Fund warned of a more severe economic downturn unless governments move aggressively to fix the financial system by removing troubled assets...
On the regulatory front, the path to a new global approach is pretty clear. Last spring the leaders of the G-7, a club of wealthy nations, agreed to create a "college of supervisors" to more closely coordinate regulation of multinational banks. The Group of Thirty, an influential organization of...
With the American economy in crisis and once attractive investment and consulting jobs looking less than their best, students are exploring diverse career options, and the University wants to help. Instead of focusing on the well-known possibility of a move to Wall Street after graduation, the two-day event...