Word: nothingism
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Dates: during 2000-2009
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And that's what causes the problem. Every securitization deal creates some AAA-rated bonds and some lower-quality debts. In a typical credit-card securitization, as much as 15% of the bonds created will have ratings lower than AAA. And the government plan does nothing to help banks get...
The G-20's finance ministers, along with central-bank governors, are meeting this weekend near London to prepare for next month's summit and smooth out their differences. The summit will mark Obama's first visit to Europe since becoming President, and he will take with him a huge...
The VOID is that empty time between 5am and 8am every night where there’s no one on gchat, no sound but your roommate’s blissful snoring, and nothing to think about besides the work you’re not getting done. But you�...
If the victims of Bernard Madoff were looking for catharsis in the court of U.S. District Judge Denny Chin, they got nothing close to it. Several of them had gathered in the large, packed courtroom in Lower Manhattan for Madoff's hearing Thursday morning, but Chin issued instructions that victims...
But Ozawa is not, and has never been, just a political insider. Since the early 1990s he has articulated a vision of Japan as a place that had to be a "normal country," one that had its own interests, in which national goals were set by its elected politicians, and...