Word: dealer
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Dates: during 2000-2009
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...public stock offerings of Sears Roebuck in 1906 and F.W. Woolworth & Co. in 1912 put the firm on the map. And from there, Goldman--long stigmatized as an outsider "Jewish" firm by its white-shoe rivals--plows on, evolving from what Ellis terms a "marginal eastern U.S. commercial paper dealer" into a global-trading, investment-banking and financial-services behemoth...
...drug dealer, I never was, and I never will be. I am a victim of vicious politics.' AHMED KARZAI (above), accusing U.S. officials of fabricating allegations to harm his brother...
...would like to borrow money for a used car. If her Saturn had died two months ago, perhaps she could have qualified. But Maldonado has a low credit score. And banks, nervous about a global credit crunch, are requiring down payments of up to 30%, according to several Cleveland dealers. Maldonado cannot afford that. So she begs relatives for rides. "I hate it, but there's nothing else I can do," says Maldonado, 49. With interest rates rising, "I'm so afraid to go to a car dealer because what happens if one month I can't afford my loan...
...their balance sheets by 10 times that figure - almost a trillion dollars - to maintain a constant ratio between their assets and capital. That suggests a drastic reduction of credit, since a bank's assets are its loans. Fewer loans mean tighter business conditions on Main Street. Your local car dealer won't be able to get the credit he needs to maintain his inventory of automobiles. To survive, he'll have to lay off some of his employees. Expect higher unemployment nationwide...
...exist too, from automakers desperate to move the metal. But you're not going to get that rate (or maybe any) unless your credit score is north of 700; a year ago, 620 might have gotten you wheels. Even people with good credit are starting to see trouble. The dealer network AutoNation reports that approval rates for that group have dropped to roughly 60% from 90% a year...