Word: crediteers
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...September dropped by 2.8% - the steepest fall since December, 1974. That came on the heels of statistics showing all-important consumer spending in the U.S. had tightened more than forecast. Meanwhile, despite government rescue plans and central bank rate cuts, there is little sign so far that frozen credit flows are thawing fast enough to get badly needed funds moving to businesses and households quickly...
...gotten as bad as they are now. I do think people need to understand that we are there and their insured deposits are protected and come what may they don't need to worry about that. Overall, banks are safe and sound. Some consolidation activity always happens in a credit cycle like this. The stronger institutions take over the weaker institutions. We've already used [the FDIC's ability to act in the face of systemic risk] so people know we will do so again if we have...
...going forward? More banks will fail, but if people are insured they just don't have anything to worry about. It's still a low probability that their bank is going to fail, and even if their bank does fail their insured deposits are absolutely protected. We really need credit to keep our economy going and deposits are an important part of keeping credit going. We are asking Main Street to keep faith in the banking system and keep their deposits in banks...
...many Americans, a number of people in other countries feel a sense of deja vu. Asia went through a similar crisis in the late 1990s, and various other countries (including Argentina, Turkey, Mexico, Norway, Sweden, Indonesia and South Korea) have suffered through banking crises, stock-market collapses and credit crunches...
...shot shows Kanye attempting to sleep on that white couch, and the elapsed four minutes feel like 30. So what’s the hidden message here? Is Ye planning his own misogynistic murder spree? Maybe making some broader social commentary involving the late 80s recession and the current credit crunch? The erratic nature of the video might relate to Bateman’s weakening grip on reality in “American Psycho.” After watching “Love Lockdown” a few times, I couldn’t help but wonder if Kanye hadn?...