Word: bankses
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"He's really come out strong," says analyst Richard Bove, who covers banks at Rochdale Securities. I was not a fan at first, but I have become one."
The racial tensions suit the politics of the BNP, which controls 12 of 51 local council seats, making it the second largest party after Labour. There are concerns it will grow even stronger after the May 6 council elections. And national BNP leader Nick Griffin is campaigning to unseat Barking...
Among the legal oddities I learned along the way: banks usually require business partners to agree to something called joint and several liability, which may sound nice and fair but in reality means the lender may pursue just one of the partners for the entire debt. I also found out...
If we could redo it all, we would try to negotiate and structure the guarantee differently. "There are other bargaining chips in lieu of or to reduce the personal guarantee that banks may not go out of their way to reveal," says Michele Dean, senior vice president at Bethpage Federal...
Steve Eisman knew that calamity would eventually come. The hedge-fund manager bet big against the subprime-mortgage market and won. So did Mike Burry, a social recluse who began investing at night during his medical residency. Jamie Mai and Charlie Ledley, two 30-somethings who started trading in a...