Word: sells
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...coming from a government controlled sovereign wealth fund from China. "You have the [U.S. Treasury Department]asking the taxpayers to absorb all the bad debts from these banks' balance sheets," says a western banker who occasionally advises the CIC, "and then you're going to turn around and sell more of the bank to the Chinese government? That wasn't going to fly in Congress...
...source of capital dried up, Bear was forced to attempt to sell off assets in order to increase its own capital and meet prescribed liquidity ratios. Ultimately, JP Morgan purchased Bear...
...something that could pass, and quickly, as failure would produce a panic that would be unstoppable. What they came up with was the broad, three-page plan giving the Treasury $700 billion to buy back Wall Street's toxic mortgage-backed assets and eventually repackage and sell them...
Seven new businesses have set up shop in Harvard Square since the beginning of the summer, including a 24-hour New-York-style market and four boutiques specializing in clothing, jewelry, and accessories. Tistik, a retailer at 54 Church Street that sells jewelry, gifts, and handmade crafts from developing countries, and Market in the Square, which has a hot food bar, opened at the end of June. “The owner of the store liked that Harvard Square has a...eclectic feel to it,” said Tiffany Y. O’Neal, a sales associate at Tistik...
...months, the region's financial systems and economies are still fundamentally sound, analysts say. Banks in Asia haven't experienced the dangerous losses on property and mortgages that are devastating their U.S. counterparts. To some, like Hugh Young, managing director at Aberdeen Asset Management Asia in Singapore, the sell-off is providing a buying opportunity. Young's been trolling the markets for solid blue chips and conservative banks with strong balance sheets. "Now's the time to be buying - slowly," he says. "If people are selling because they need the cash, that's what we like...