Word: crediteers
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...short rushes forced Harvard to settle for another field goal. “Third down is something we really excelled at a year ago,” Murphy said. “We were one of the tops in the country. We want to give a lot of credit to Holy Cross, and I’ll take the responsibility for some of our calls in that situation that we didn’t execute.” It was all Crusaders in the rest of the first quarter and into the second, as Holy Cross took...
...solutions from Bernanke’s Fed and the Treasury, led by the vigorous former Goldman Sachs CEO Henry M. “Hank” Paulson, proved unable to bring lasting calm to the market: Neither lower interest rates, nor greatly expanded liquidity helped thaw frozen credit markets. Even after brokered shotgun weddings like those of Merrill Lynch and Bank of America or Bear Stearns and JP Morgan Chase, what Professor Kenneth Rogoff once called the “flagship” American sector, the financial services industry, seems to have no bottom...
...short rushes forced Harvard to settle for another field goal.“Third down is something we really excelled at a year ago,” Murphy said. “We were one of the tops in the country. We want to give a lot of credit to Holy Cross, and I’ll take the responsibility for some of our calls in that situation that we didn’t execute.”It was all Crusaders in the rest of the first quarter and into the second, as Holy Cross took...
...Bear Stearns and now AIG, it's widely agreed that this is bad policy. "The Fed is the guardian of the currency," says William Silber, a professor of finance and economics at New York University. "That's its job. Its job is not to subsidize people who made credit mistakes...
Asian stock markets posted sharp gains Sept. 19 as investors grew more confident that stepped-up government efforts to contain the damage caused by the U.S. credit crunch would be effective. Japan's benchmark Nikkei index was up 3.8%, Hong Kong's Hang Seng 9.6% and the Shanghai stock index shot up 9.5%, recovering some of the steep losses suffered earlier in the week...