Word: crediteers
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...under pressure from Congress and the press, also released the number of the counterparties to many of its credit default swaps. AIG had decided to insure the value of certain paper owned by the likes of Goldman Sachs (GS), Morgan Stanly (MS), and Deustsche Bank (DB). When the value of that paper fell, AIG was on the hook to pay off the "insurance" which kept the likes of Goldman from having to book large write downs. Those write downs might have pushed Goldman into a difficult financial situation. The same holds true for a number of the other companies doing...
...wish that Krauthammer had been so sensitive to non sequiturs during the Bush administration, when a terrorist attack by Saudi nationals became justification for a war in Iraq.) While Krauthammer is right that “at the very center of our economic near-depression is a credit bubble, a housing collapse and a systemic failure of the banking industry,” he refuses to acknowledge that long-term economic recovery will need to address not only the most immediate causes of the financial crisis, but also structural and long-persisting challenges to economic growth...
...Krauthammer’s belief that Obama should respond to the financial meltdown only so far as to rehabilitate the stock market, restore bank balance sheets, and return to the status quo of increasing income inequality once credit begins to flow again. But Obama is smarter than to think that the problems in the economy begin and end with a housing bubble or reckless banking practices. If the economy is not restructured, health care—even in a bull market—will remain unaffordable for most American businesses and families; paying for college—even...
...Just a few years ago, when an economic boom was pulling a flood of Western professionals into Singapore, a Western face in a working-class neighborhood like Bukit Panjang was a rare sight. According to investment bank Credit Suisse, Singapore's population grew 18%, to about 4.8 million, from 2004 to 2008. More than three-quarters of that growth, Credit Suisse estimates, came from newly arrived foreigners taking lucrative positions at expanding private banks, oil-exploration firms and shipping companies. Foreigners filled 61% of the 796,000 jobs created in Singapore during that four-year period...
...Today, as beleaguered investment banks shutter offices and commodity prices and trade flows plunge, Credit Suisse estimates that hundreds of thousands of expat jobs are disappearing from Singapore. Property prices, particularly of high-end homes, are expected to fall some 50% as the recession gathers force...