Word: crunch
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...course, not all economists are buying the Caballero's blame them, not us, explanation of the financial crisis. They say just because there was money flowing into the United States doesn't mean the credit crunch was inevitable. They say stricter regulations could have stopped U.S. investment bankers from creating mortgage bonds filled with risky home loans and then passing those bonds off as safe investments to foreign investors. "Most of the blame for the financial crisis lies in the choices that were made inside the U.S.," says Anil Kashyap, an economics professor at University of Chicago's Booth School...
...more regulations, please. That was the message from top executives at four of the nation's largest financial firms on Wednesday, spoken to a commission set up by an act of Congress to investigate the causes of last year's credit crunch. But more than a year after poor lending standards, unregulated products and bonus bonanzas helped spark the worst recession since the Great Depression, many say that reining in Wall Street is the only way to prevent another financial crisis. (Read "Hearings to Begin on Causes of Financial Crisis...
...year since the crisis, a number of academics have pretty much refuted nearly every one of those early explanations as being too specific. Some economists have even questioned whether there was a credit crunch. Economic professor René Stulz of Ohio State University, for one, has written papers trying to clear Wall Street pay and credit-default swaps of any blame. Despite recent apologies, Goldman Sachs executives, too, say that they are no more to blame than anyone else in the financial markets. (See high-end homes that won't sell...
...would back new sanctions if the government in Tehran does not curtail its nuclear ambitions. In the past, U.S. officials doubted whether Germany's actions on Iran would match its tough words, but they seem to have confidence that Merkel means what she says. "When it comes to crunch time" on Iran, says a senior U.S. State Department official, "we'll be looking closely at what Russia and China are willing to do. But we have no concerns about Germany." (See pictures of the Berlin Wall...
What's more, unlike the situation at the height of the credit crunch, corporations are able to raise money from investors. On Tuesday alone, corporations sold $23.5 billion in bonds, making it the second most active day in debt sales by companies on record. In 2009, corporations issued $712 billion in investment-grade bonds, up from $646 billion...