Word: capitale
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The news, leaking out over the course of several days, likewise lifted the markets, sending bank stocks up dramatically for the week by close of business Thursday. And for all the grim numbers, the banks themselves were touting the results, too. "The regulators demonstrated that the industry is strong now...
Still, even if the numbers are based more on positive thinking than cold hard facts, it's tough not to be impressed by what Geithner and company have accomplished. In addition to the boost in public confidence, they've apparently figured out how to get the banks to support Geithner...
The Treasury has given the troubled banks until June 8 to decide how to raise that capital, and until November to do so. Just by chance, early June is right around the time the Treasury expects big-time fund managers to have come up with the $500 million they need...
Kemp might as well have been selling raincoats in the Sahara. He and Bob Dole, his presidential running mate, had no chance of breaking through in Harlem, the solidly Democratic capital of black America. GOP strategists had figured a visit there might demonstrate the kind of tolerance and inclusion necessary...
The colonial-style villa in the Burmese commercial capital Rangoon looks like many other homes on Inya Lake, where some of the country's most influential citizens live. But for much of the past two decades, this dilapidated white-shuttered house on University Avenue has been a place of detention...