Word: bankses
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
The Taliban took the school-books away. It also took the flour and cooking oil. It warned the farmers of Kajaki Olya, a village on the banks of the Helmand River in southern Afghanistan, not to accept any other gifts from the British troops struggling to bring order to this...
The goal of this financial finagling: to pocket the difference between the $400,000 loan and the actual $216,000 purchase price, and then simply abandon the home and force the banks to foreclose - sticking them with property worth far less than the amount they had loaned. It was a...
We've already adopted many measures [to bring down inflation]. Monetary policy is being tightened. At the same time liquidity and the money supply will be reduced for banks. Our second major policy is to reduce government spending and [wasteful] investment by state-owned enterprises. We will cut about 25...
Which helps explain why the financially distraught are searching high and low for help. Larry Stopczynski, a retired auto engineer in Michigan, has seen the value of his home drop by more than $100,000; he now owes more in mortgage payments than the house is worth. So two months...
Last October, I stood in the back of a packed Manhattan ballroom listening to hedge-fund manager David Einhorn explain to an audience what had gone wrong with Wall Street. Packaging home loans into securities was a "mediocre idea," he said. Repackaging those securities into yet other securities was a...