Word: worthlessness
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Dates: during 2000-2009
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...debate involves more than semantics. One concern is that investors aren't going to want to hold any bank shares if the government can simply take ownership, effectively rendering the bank's stock worthless or close to it. An even greater concern is that the government won't be able to resell banks it takes over. That would expose taxpayers to big losses and leave Uncle Sam in the banking business for years to come...
...rated AAA. But when things unwind--and have they ever--any default gets compounded by the chain of linked bonds. The multiplier effect works like this: while 4.4% of the typical loans tied to Jupiter's bonds are in default, nearly 59% of Jupiter's investments are now worthless. Hello, toxic asset. (See the top 10 financial collapses...
Even if they can work together, Tsvangirai and Mugabe must revive an economy - and a country - in a coma. Unemployment is near universal. The currency is worthless and all but abandoned. More than half the country needs food aid. Cholera has killed more than 3,000 and infected tens of thousands more. Millions of Zimbabweans have simply fled the country...
...back. When a bank's loan losses are greater than its income, it has to take money from its shareholders' equity account to make up the difference. That's a big deal for a company's investors. If shareholders' equity is wiped out, their stock is effectively worthless. So investors watch this account intensely; if they think shareholders' equity is headed to zero, so too is a bank's stock...
...says Irma Lopez, 28, a former Agriprocessors worker who remains in limbo with her young daughter while her husband is back in Guatemala, one of many arrested workers deported in October after serving five months in prison. "I worked since I was 8 years old, and now I feel worthless. I can work, but I'm not allowed to." (See pictures of an Iowa steak...