Word: capitale
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Investors find it disconcerting to see the stocks in the huge financial institutions that are at the foundation of the global capital system trading up and down 25% a day, and, in some cases trading in the pennies. Banks became the visible and ugly wound that reminded Wall St. each...
Oddly absent from the discussion of how well Wells Fargo did is why the government was in the midst of testing bank balance sheets at all. The experts at the Treasury had been thrown off the scent and consequently had missed the fact that there was not need to test...
It is equally safe to say that the large American banks are works in progress which are, in most ways, still dilapidated. Treasury Department analysts may not have the IQs of the PhDs who created mortgage-backed securities, but they did not do their detective work blindly when they insisted...
Imagine your family, the jobs you’ve had, all of the friendships and relationships that have come and gone in the last 20 years. Now imagine that chunk of your life being ripped away from you for something that you did not do. For many unfortunate individuals, this...
Ordinarily, even those initial few missteps might not hurt Obama's standing among Catholics. After all, he got 54% of their votes not because of his positions on social issues but because of concerns about the economy, health care and Iraq. Indeed, Catholics are more natural partners for Democrats than...