Word: greates
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...great banking crisis of 2008 is over. It began last September 15 when Lehman Brothers filed for bankruptcy and bottomed when Citigroup (C) traded below $1 last month. Most analysts believe that mortgage-backed securities which included packages of subprime home loans failed when mortgage default rates went up and housing prices raced down. That is only partially true. Banks made a tremendous series of ill-advised loans to private equity firms, hedge funds, commercial real estate holders, and the average man with a credit card balance which he cannot pay. (See pictures of the top 10 scared traders...
...need to test what is already working well. The same holds true for the Geithner plan to take toxic assets off bank balance sheets. It is academic now. What banks are earning from the difference between the cost of capital and the income from lending is now great enough for the banking system to be self-sustaining again...
...Boeing is one of the rare instances where the incompetence of its executives is not what is bringing the company to its knees. Good management is supposed to count for a great deal, but, under market conditions which are deteriorating quickly and over which a company has no control, a spider monkey can be at the helm...
...attempt to bridge adult drama with juvenile comedy, its one unequivocal success is the versatile soundtrack. The movie implies a setting in the 80s with a single shot of Reagan on a television screen, but period choice seems merely an arbitrary excuse to pepper the film with great songs from the era, including David Bowie’s “Modern Love,” The Cure’s “Just Like Heaven,” and The Outfield’s “Your Love.” The wistful pop of these years...
...institutional development], is steering the process,” said Tim McHale, a Brighton resident of over three decades. “He’s between a rock and a hard place, Harvard and the City and us, but we think he’s doing a really great...