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Word: consumerized (lookup in dictionary) (lookup stats)
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Once Congress does go along with letting Obama's Treasury Secretary have access to the $350 billion still left from the money that was allocated for the TARP, a great deal of it may be going right back out to banks. The forecast now is that Citigroup (C) could lose...

Author: /time Magazine | Title: Bank Of America and The Incredible Disappearing TARP | 1/15/2009 | See Source »

Citigroup was never a real company, from the day it was formed until today. With four huge business units and dozens of operations in scores of countries, the notion that a consumer-credit-card operation under a common roof with a corporate-lending business should be helpful to either business...

Author: /time Magazine | Title: Why Citigroup Never Mattered | 1/14/2009 | See Source »

The wave swamping bank earnings has moved away from being caused solely by derivatives. LBO loans, commercial real estate, consumer credit cards, and corporate bankruptcies are building and will not peak until the momentum in joblessness and falling GDP stops accelerating. That could take well over a year.

Author: /time Magazine | Title: Banks: Losing $100 Billion In One Quarter | 1/14/2009 | See Source »

While Jobs's email appeared to shock shareholders, it did not surprise long-time Jobs watchers. The CEO is known for dissembling, perhaps as a tactic to mislead his competitors in the highly secretive and volatile consumer tech industry. In 2005, months before unveiling a video-playing iPod, for instance...

Author: /time Magazine | Title: Steve Jobs Is Off the Job at Apple | 1/14/2009 | See Source »

Consumer advocates have long complained that credit scores inaccurately measure borrowers' ability to pay back a loan and therefore make it more expensive or even impossible for people who have a low score, or none at all, to borrow. But the complaints about credit scores have fallen mostly on deaf...

Author: /time Magazine | Title: Lenders Look Beyond Credit Scores to Gauge Who's a Risk | 1/9/2009 | See Source »

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