Word: bankses
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But Brown was by no means alone in his folly. Banks and financial institutions throughout the Western world acted as if the economic cycle was a thing of the past. Instead of understanding that the longer the debt-fueled boom lasted and the greater the debt burden became, the greater...
Europe's markets are also down on the year, due primarily to effects of the U.S. financial crisis. Even more worrying than that slump continuing, however, is the exposure of European banks to toxic debt originating in the U.S. Governments are digging deep to to assure markets that they'll...
We've just been through the most tumultuous market environment since the Depression. We learned (again) that banks and brokerages can fail, insurers can go broke and even ultra-safe money-market funds can lose value. But we also learned (again) that true diversification, patience and attention to risk are...
Get Full Protection Every generation endures an event that reinforces the importance of federal guarantees on investments and savings. Your event just happened. But those guarantees have limits. So if you have a lot of cash with any one financial institution, you may not be fully protected. Don't panic...
Kenneth S. Rogoff, an economics professor and a former researcher at the International Monetary Fund, took a more measured approach to criticizing the bill, saying that he was not “thrilled” by it and was worried that the stronger banks might not want to take advantage...