Word: mortgagees
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Dates: during 2000-2009
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Amid the tide of red ink flowing from many of the world's largest banks these days, big profits seem out of fashion. On Tuesday alone, Deutsche Bank announced its first quarterly loss in five years, while HBOS, the U.K.'s biggest mortgage lender, said it would replenish its depleted...
Obama's challenge to the primacy of that sort of politics is both worthy and essential. His point, and Bill Clinton's, is indisputable: there is a need for a big election this year. A decision has to be made about the war in Iraq. The mortgage-market and the...
Dodging the credit crunch has burnished its image, too. According to the MDRC survey, lenders hit hardest by the subprime snafu suffered sharp drops in client-satisfaction scores at their private-banking or wealth-management units. The worry, says Williams, was that "these pristine organizations were shown to be pretty...
These are simply clichés, of course; Arab traders drive a hard bargain for the same reason everyone else does: money. And anyone who thinks that Western capitalism is inherently transparent should try making sense of the subprime mortgage derivatives mess. Still, there are some lessons worth knowing on...
In the days after Barack Obama's remarks about the bitter religion clingers of Middle America were made known, a near mob of conservative intellectuals sought to place his "élitism" in proper historical context. George Will located Obama securely in Adlai Stevenson's wine cellar, representing the effete strand...