Word: ownership
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...advocates for nationalizing U.S. banks have been out in force recently. Senator Lindsay Graham, who almost certainly does not have a PhD in economics or finance told ABC News that banks were in such deep trouble that government ownership of the institutions may be the only way to save the financial system. Economist Nouriel Roubini, who probably has several advanced degrees, wrote in The Washington Post that the Swedes set a precedent for bank nationalization nearly 20 years ago. The first counter to his argument is that it is dark over 20 hours a day in Sweden during the winter...
...policy can change the fact that both property prices and home-ownership rates went off the charts. It is natural for them to come down. "We brought in a class of buyers that shouldn't be in homes at all because they don't have the income," says Edward Leamer, professor of economics at UCLA. "We have to figure out what to do with these folks." There have been ideas on how to return owners to the rent rolls. Last year, for example, Arizona Congressman Raśl Grijalva proposed changing foreclosure rules to let homeowners petition a judge to let them...
...saga really done? Questions about the tanks' ownership arose shortly after the pirates seized the Faina on Sept. 25. The BBC published a document that it claimed was the Faina's freight manifest. The contract number on the manifest includes the initials "MOD/GOSS" - initials which some experts claimed stand for Ministry of Defense/Government of South Sudan. (See pictures of Somalia's face of modern piracy...
...there is likely to be controversy as well. The publicly traded firm has repeatedly provoked the ire of archaeologists who complain that Odyssey is more interested in profit than in protecting historically valuable artifacts. Currently, the company is locked in a court battle with the country of Spain over ownership of the remains of a ship that experts believe to be the 17th-century Nuestra Señora de las Mercedes...
...American Banker named Lewis Banker of the Year in December. Now he's fighting to keep his job. And even if he succeeds, he's got a new partner. The government already has a large stake in his bank, with its $45 billion in preferred shares. The government's ownership could dramatically rise if the Fed starts buying common shares of BofA, which would mean that Washington would be calling more of the shots. Increasingly, the only shareholder that matters to Bank of America and other banks is Uncle Sam. Without the government, the math of the banking business these...