Word: financees
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But when property prices began to fall last year, people like Lepik, who had grown accustomed to making 50% a year on their real estate investments, suddenly struggled to sell. As the banks that helped finance the boom clamped down on credit, dozens of companies went bust. Land on the...
The most high-profile attempt has been the Treasury Department's requirement that banks participating in its recapitalization program make sure senior executives' pay doesn't entice them to take "unnecessary and excessive risks that threaten the value of the financial institution." What exactly that means, though, has been lobbed...
Before anyone knew the name Barack Obama, there was a time when John McCain was a media darling. Though they’ve now been reduced to parody, the terms “maverick” and “straight talk” once really meant something to voters...
The ongoing economic crisis has brought down corporate giants such as Lehman Brothers, prompted the major buyout of Merrill, and sent many outbound Harvardians into the real world without the comfort of a surefire money-making contract in their back pocket. But while we’ve all been watching...
Given the twin burdens he bore of a dismally unpopular incumbent Republican President and an already staggering economy that fell off a cliff in October, it is possible that McCain never had a chance. For all his cred as a maverick, McCain built that reputation on issues like tobacco, campaign...