Word: pricedness
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For all the drama over the last week - John McCain's theatrical but ultimately unhelpful return to Washington, the anti-Socialist rants of House Republicans, the political maneuvering by Nancy Pelosi - the deal comes as something of an anticlimax. The market had already priced in the deal all last week...
Elizabeth Warren, a law school professor and expert on bankruptcy and commercial law, was an audience favorite with her colloquialized version of the crisis. In her comments, Warren labeled subprime mortgages “35 cent bananas” that should have been priced at 15 cents, said homeowners had...
And being Senators in today's Washington, both took the stage while shadowed by dubious supporters. Obama has ties to the men who pocketed fortunes while running Fannie Mae off a cliff. McCain's campaign manager was a high-priced adviser to, among others, the equally screwed-up Freddie Mac...
The injection of western food aid into a poor economy hurts local farmers by depressing prices, even in an emergency. That makes it even harder for millions of small farmers to buy the high-priced fertilizer or fuel they need to compete. "The backbone of world agriculture is small farmers...
That Morgan Stanley might be up for sale had an element of surprise to it. Analysts were generally pleased with what executives at Morgan Stanley - and Goldman Sachs for that matter - had to say in recent conference calls. Glenn Schorr, a banking analyst at UBS, wrote that both firms have...