Word: bankses
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The company's ill-fated $400 million purchase of women's apparel shop J. Jill in 2006 burdened its debt load. "What's hurting them more than anything is that they've got lots of debt on their balance sheet," says Betty Chen, a retail analyst at Wedbush Morgan Securities...
3 | Iceland Banks Fail; Government Follows After months of protests triggered by the collapse of Iceland's economy amid the global financial crisis, its government finally joined suit on Jan. 26. It has been replaced by a new left-leaning coalition that is expected to tap Johanna Sigurdardottir to take...
That forecast, gloomy as it is, still assumes the government is able to create economic-stimulus and foreclosure-prevention programs that work. If not, then home prices could be expected to fall even further. Major layoffs - there are more each day - keep downward pressure on home prices, since people without...
"We need more traditional enforcement," says Dunbar. "With big funds and banks, the government, in effect, becomes the back-up insurance if they go bad. Firms that grow too big to fail must pay for this insurance; this might achieve a kind of new self regulation." (See the top 10...
Yet Schapiro's financial self-regulation background may not be enough. According to Dr. Fred Dunbar, senior vice president at NERA, an economic consulting firm, "banks are suppose to behave themselves under self-rule." During the Bush Administration this popular belief drifted over to the SEC, Dunbar says. "The feeling...