Word: crediteers
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...tempting to say that no executive, no matter how accomplished, can fix the nation's largest banks. They can only be fixed when the credit markets themselves are repaired. Antagonists to that way of thinking would refer to Jamie Dimon of JPMorgan (JPM) who they claim can fix anything in the financial world. That point of view fails to admit that he did not break his bank in the first place...
...national economic "catastrophe" and spurned its help when he started rebuilding Argentina's shattered economy in 2003. It probably helped that shortly before the G-20 announcement, the IMF gave the world a peek at its new, softer and more generous self, by agreeing to give Mexico a credit line of up to $40 billion. Mexico isn't in the same sort of crisis that has driven it to the IMF several times in the past 30 years, but it wanted backup financing agreed just in case. Tellingly, the IMF extended the credit line through a new facility that doesn...
...Photo Credit: Max Child/The Crimson
...Photo credit Chris Pimlott/Wikimedia Commons...
French President Nicolas Sarkozy's triumphant march to the Elysée was paved with a promise to ignore formality. To his credit, that style has helped deliver some reformist victories at home. But that undiplomatic swagger can also get Sarkozy into trouble - especially when he talks trash about foreign leaders...