Word: bankses
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
When Lehman Brothers calls up [Treasury Secretary Hank] Paulson, what do you expect them to say? "Gosh, I got to worry about my Maserati or my plane payments?" No. They call up and shriek about systemic risk. Come on. Investment banks have been going bankrupt for hundreds of years and...
But the picture is brightening in pockets of the country, where there are nascent signs of a bottoming: the rate of decline slowed in August, according to Case-Shiller, and in September, existing home sales rose 6% nationally. That means buyers are finally being lured to the market by low...
Oddly enough, talk of a possible federal mortgage bailout is slowing deals. "Recently, a lot of the financial institutions have stopped accepting short sales to find out if the government is going to buy their loans that are in default. They're waiting to see what happens with the recent...
He can expect a do-over from the outgoing Administration, but not a paper-over that would rescue speculators. FDIC chief Sheila Bair has been pushing to use new loan-guarantee authority passed under the $700 billion banking bailout to adjust troubled homeowner mortgages. The plan would provide $50 billion...
There are too many moving parts in the economy now to say when things might hit bottom. But what is in place--realistic pricing, some banks willing to deal and maybe a mortgage bailout--should provide some friction against a big slip. That should allow home buyers to take some...