Word: crediteers
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...employees at these companies to the boards and senior managers. But, the government elected to avoid getting into a series of disputes over how thousands of people should be paid. Federal regulators chose to hope that the banks would use discretion when they made compensation decisions during this unprecedented credit crisis...
...Paulson says that he acted as expediently as he could. The financial and credit system probably was days from collapse when he received the first $350 billion of TARP funds. Paulson would probably agree that his actions were not based on careful plans, but the time for careful plans had passed...
...Thirty companies laid off almost 200,00 people in January. Tens of thousand of smaller firms which the credit crisis is likely to hurt badly probably let workers go at a much more rapid pace. No one would be terribly surprised if total unemployment rose by nearly one million people in the first month of the year...
...likely to be falling even more sharply than last year and more mortgages are headed under water. Default and foreclose rates are bound to jump higher. Consumer confidence, which is already remarkably bad, will be exacerbated by the number of people out of work and the lack of credit to buy even the most essential items...
...pursue a Harvard degree, he said in a phone interview yesterday. Hatch, who left for LSU after his freshman season, could be a factor in the Crimson’s fortunes next year if he can secure athletic eligibility. The NCAA requires athletes to meet certain benchmarks for credit hours in order to play each season, and because Hatch is returning to Harvard without trying to transfer any credits from LSU, he will not be able to demonstrate the progress towards his degree that would normally be necessary for him to play. But he said he is petitioning the NCAA...