Word: bankses
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It's fair to ask whether America's lawmakers could do it again. The bursting of the debt-fueled property bubble and the crippling losses suffered by banks, together with the political dithering of recent days, have set in motion a chain reaction that, in the worst-case scenario, could...
So far, Paulson and Bernanke have been specific only behind closed doors. On Sept. 18, they warned congressional leaders what inaction would bring: a stock-market crash, sky-high unemployment, Americans unable to get car loans, banks failing so fast that they would quickly drain the federal deposit insurance fund...
In St. Helena, farther north in the state, Dave Smith, who owns a business that makes electronic musical instruments, says, "I just want them to come up with something that's more reasonable and more fair and that still might help. Unfair would be the biggest one-word comment. No...
But in mid-September, the plan was disrupted by real-world events. The financial crisis now knocking over banks and rocking the world economy forced McCain to shift gears. His big gambit - suspend the campaign and return to Washington - was undercut from two sides. First, upon arriving he found he...
In a change to the published conference schedule, Cameron appeared on stage the next morning to pledge to work with his Labour opponents to expedite legislation enabling the Bank of England to rescue failing banks. He also promised further protections for bank customers and a concerted attempt to break the...