Word: rescuees
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Treasury secretary Henry Paulson did not foresee the consequences of the subprime lending crisis, so how can he be so sure what the consequences would be if there were no bailout? All he wants from the rescue package is to assist the owners of banks and brokerage firms. If this...
There may also be political reasons for this unexpected turn. When the crisis intensified in mid-September, Washington acted quickly. There was a Treasury Secretary to devise and present a rescue plan, and a Congress - after an initial case of the vapors - to act on it. But there is no...
This institutional problem pales beside the political one: when crisis strikes, Europe almost never acts like a true union. After French President Nicolas Sarkozy summoned the leaders of Britain, Germany and Italy to Paris on Oct. 4, German Chancellor Angela Merkel coolly torpedoed his proposed $409 billion Europe-wide financial...
But now the world is in the grips of a perilous market crunch, the boom is over and tough times loom. The U.K.'s FTSE-100 stock index has nosedived in recent days and is down about 35% in the past year. Three famous British banks have already imploded - Northern...
A veteran actor of such notable '50s TV shows as Perry Mason and Gunsmoke and movies like The Old West, House Peters Jr. is best known for playing the original Mr. Clean in a series of commercials for the household cleaner of the same name. Peters portrayed the bald character...