Word: bondses
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Lewis has also been heavily criticized for putting the bank in a financial position where it is unlikely to pass the government's bank stress test which means it will have to raise more money. Among other things, this will dilute common shareholders and may even jeopardize the value of...
One might argue that given GM's troubled state, the market value of the bonds is not $27 billion but more like $3 billion. But if you accept that troubled-debtor logic, then it's only fair to apply the same logic to the money owed by Chrysler to the...
But the thing to remember about smart people is how dumb they can be. Thousands, maybe millions, of IQ points went into creating a market for magical mortgage bonds that could only go up in value. Whoops!
The door to office M314 in the Mallinckrodt Chemsitry lab is open. Through the doorway sits a large, smudgy whiteboard—just begging to be written on. And across from that whiteboard, behind a chic, silver-grey desk sits Assistant Professor of Chemistry and Chemical Biology Tobias Ritter. Though...
Recent history pitted Correa directly against the Bush Administration. The fiery economist from Guayaquil has wielded not just leftist rhetoric but also leftist policies, railing against foreign and domestic corporations. In December, he defaulted on $3.2 billion in foreign bonds, close to a third of the country's foreign debt...