Word: bankses
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The other significant parts of the new plan are funded from other sources, and won't add to the taxpayer tab. The Federal Deposit Insurance Corporation (FDIC) will guarantee certain bank accounts - those mostly used by businesses for payroll and other expenses - above the current $250,000 limit. The FDIC...
In theory, these programs should directly reassure businesses and banks that it's safe to borrow and lend. But the programs are not directly funded by the government, and rather will function as insurance paid for by premiums paid by the banks themselves. It may work, but it's not...
How well and how quickly the new programs translate into confidence - meaning renewed lending by and among banks - will determine how badly the real economy is hit: how many people will lose their jobs, how many businesses will close, how many banks will fail. Everyone from Paulson on down acknowledges...
What happened on Tuesday shows that might be changing. On trading floors, for the first time in more than a week, buyers and sellers focused on earnings and product launches instead of what was being said at press conferences in Washington and the interest rates banks charge to lend each...
On Oct. 7, Nevada authorities raided the Las Vegas offices off the community group ACORN - Association of Community Organizations for Reform Now - on allegations that the group submitted fraudulent voter registration cards. , featuring nonexistent addresses, duplicate applicants and in at least some cases, the names of the Dallas Cowboys football...