Word: larger
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...government made noises about taking a larger position in Citigroup (C). Based on the market's reaction, not may analysts and investors believe that the action will solve much. The poison of bad investments is in the blood of the financial system. Quarantining Citigroup will not solve that problem. The Treasury and Fed will have to take a holistic approach which involves healing the entire financial system. It is not clear that can even be done. How it would be done is an even more complicated matter...
...into financial help. Geithner has said he will spend a certain portion of the remaining $350 billion in the Treasury program formerly known as TARP investing more money in the nation's banks. But he hasn't said whether he intends to use the money to shore up the larger troubled banks or as grants to some smaller banks that don't necessarily need the funds but could use the additional money to make more loans. The government is reportedly in talks with Citigroup to take ownership of as much as 40% of that bank. But that stake may come...
...that move would make sense. Bank analyst Meredith Whitney, who recently left Oppenheimer to start her own firm, has said the best plan to restart the financial system would be to give government money to smaller regional banks that could fill the lending void created by the pullback of larger ailing banks...
...course, community banks, despite weathering the credit storm relatively well so far, may soon face their own troubles. Unlike larger banks, most community banks were not big in the residential-mortgage business. Instead, they made a lot of loans to local developers. As the economy sours, more and more of those loans are starting to go bad. Some analysts have predicted that as many as 1,000 banks could fail as a result of the nation's economic woes. Many of those banks will be of the smaller variety...
...setbacks are humbling to a company that not long ago was setting a fast pace. Tata Motors' trucks have been ubiquitous on Indian roads for decades. In recent years, it had captured a larger share of the domestic car market with the Tata Sumo and the Indica, India's first domestically developed car. Tata's cars, buses and trucks are sold in Europe, Africa, the Middle East, Australia and parts of Asia. The company bought South Korea's second largest truckmaker, Daewoo Commercial Vehicles, in 2004; a year later is acquired a 21% stake in Hispano Carrocera, a Spanish...