Word: bankses
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As chairman of the Senate Banking Committee from 1995 through 2000, Gramm was Washington's most prominent and outspoken champion of financial deregulation. He played the leading role in writing and pushing through Congress the 1999 repeal of the Depression-era Glass-Steagall Act that separated commercial banks from Wall...
This is a fundamental misreading of the U.S.-China economic relationship. The Chinese RMB would go up in value relative to the dollar (exactly what some critics seek) if the Chinese did repatriate more of the money they earn via exports instead of reinvesting those dollars back into Treasuries. But...
A lethal combination of mismanagement, overexpansion and economic gloom is driving the boom in retail liquidations. During better days, a company could file for Chapter 11 bankruptcy, and the banks would finance its operations until the shops could restructure. These so-called debtor-in-possession, or DIP, loans kept the...
Plus, amendments to the bankruptcy code, put in place in 2005, create another hurdle for distressed retailers. Under the new rules, a retailer now has only 210 days after filing for Chapter 11 to accept or reject its existing lease agreements (pre-2005, the companies could liberally extend a 60...
Park was arrested on Jan. 10 for a Dec. 29 posting in which he accused bureaucrats of ordering banks to stop buying dollars while the won was falling during last December's global economic crisis. The official news agency Yonhap reported that Park was also arrested for a July 2008...