Examines the economy of Germany, in light of less lending by banks because of corporate bankruptcies. Companies that have gone bankrupt, including Philipp Holzmann, Fairchild Dornier, and Kirch; Outlook for the recovery of the German economy.MandelMichaelJ.FairlambDavid...
Hezbollah-owned Lebanese outlet Al Manar reported on Sunday, following the announcement, that AQAH had gone bankrupt and that the IDF was intentionally targeting the association to disrupt the lives of Lebanese people. The Meir Amit Intelligence and Terrorism Information Center (ITIC) describes the or...
Some companies are no longer present. For exampleLehman Brothers, which was one of the top investment banks of the late twentieth century, went bankrupt in a move that was seen as the height of the credit crunch, and later had its North American operations brought by the British bankBarclays...
These swaps insured the mortgage securities purchased by investors, in an attempt to reduce the risk of the securities if the borrowers defaulted. If AIG had gone bankrupt, it would have triggered the failure of the financial institutions that bought those swaps. AIG's swaps againstsubprime mortga...
t believe it was legal. So these central banks are creating money out of nothing and they can’t go bankrupt but yet they are buying real assets even a toddler can see that something is wrong here. It turns out that creating money out of nothing and buying things does have some ...
"AIG is effectively insolvent. Rather than saving AIG, we've been saving the counterparties of AIG - firms like Goldman Sachs and other broker-dealers would have been gone bankrupt without that," Roubini said. Nationalization of insolvent banks should be done in Europe as well, all major centr...
“Ford to New York: Drop Dead,” said a famous headline in 1975. President Ford had declared flatly that he would veto any bill calling for “a federal bail-out of New York City.” What he proposed instead was legislation that would make it easier for the city to go bankrupt. ...
have been here before, and depositors did not run for the hills. In fact, most Chinese people were not even interested in the news. They just did not care, despite media reports that the banks were technically bankrupt. From 2000 to 2002, the Chinese banks and the government made no ...
Some borrowers have gone bankrupt in the slump but those whose loans are being traded are generally in fair shape. But some have had difficulties meeting payments, prompting some banks to try and cut exposure to the whole shipping sector. ...
‘The nearly bankrupt U.S. Postal Service on Thursday reported losses of $57 million per day in the last quarter and warned it will miss another payment due to the U.S. Treasury, just one week after its first-ever default on a payment for future retiree health benefits.’ ...