Word: bankses
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Rescuing financial institutions is not the best solution. Yes, banks are needed to provide capital to businesses. But it is not necessary to spend $1 trillion to maintain liquidity. If the government is to intervene, it should pick and choose which claims to purchase; claims that are directly tied to...
That is only one element of the tricky undertaking that begins now for Paulson. For all the equity markets' sanguine response to the Hill, the credit markets are still seizing up. The process by which Paulson will actually use the $700 billion to buy the bad loans remains more than...
Seniors beginning their job searches amid doom-ridden news of bank failures and Wall Street woes found a broader palette of jobs on display at the Office of Career Services’s Career Forum on Friday, an event that saw 1,500 students brave the pouring rain to meet...
Over the weekend, leaders in Washington reached a tentative agreement on a government rescue strategy for the fraught U.S. economy. After intense, partisan negotiations, the core proposal of Secretary of the Treasury Henry M. Paulson’s original $700 billion bailout plan remains largely intact. Originally conceived and announced...
If you missed the news this week, you didn't miss all that much. The stock market threatened to crash, but didn't. John McCain threatened to skip the presidential debate unless members of Congress approved a huge financial bailout, but they didn't, so he didn't. The debate...