Word: bankses
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Bartlet gamely keeps up, although his own absurd attempts at Paris-isms ("Peace All!") abetted by a cameo from Fake First Son Charlie Harper are horrific. Still, the scariest thing about the whole video might be that Paris' policy recommendations (essentially, declare victory and get the hell out of Iraq...
The message will be blunt: If you want to restore confidence in stock markets and among financial institutions, recapitalize your banks - quickly. This message already has some traction in Washington. The U.S. Treasury Department is discussing a plan to use public funds to recapitalize banks. The U.K. government already took...
Japan now realizes the mistake it made back then: failing to act with speed and force. Loose accounting standards had allowed banks to hold soured assets on their books without writing them down to their true market value. This permitted financial institutions that were technically bankrupt to delay taking in...
Market-watchers credited the relative market calm to Wednesday's coordinated rate cuts by the U.S. Federal Reserve and five European central banks. China, South Korea, Hong Kong and Taiwan also reduced benchmark lending rates. Ting Lu, an economist with Merrill Lynch in Hong Kong, called local market reaction to...
The rate cuts' effect on Asian stock markets may not last as policymakers continue their search for a solution to the global financial crisis. According to a report in the New York Times, the U.S. Treasury Department is considering taking part ownership of U.S. banks, effectively guaranteeing the solvency of...