Sentences with phrase «governments left these banks»

Yet rather than taking this opportunity to run these banks as public utilities and lower their charges for credit - card services — or most important of all, to stop their lending to speculators and gamblers — governments left these banks operating as part of the «casino capitalism» that has become their business plan.

Not exact matches

Jack Lew was appointed U.S. Secretary of the Treasury last year and, the Journal item noted, «The terms of Mr. Lew's original employment contract with Citigroup included a bonus guarantee if he left the bank for a high level position with the United States government or regulatory body.»

Seven banks — Morgan Stanley, Citigroup, Goldman Sachs, JP Morgan Chase, Bank of America, Wells Fargo, and Lazard — that «provide the opportunity for additional compensation to employees who leave the bank to work for the government» received letters from the AFL - CIO, according to a press release in late NovemBank of America, Wells Fargo, and Lazard — that «provide the opportunity for additional compensation to employees who leave the bank to work for the government» received letters from the AFL - CIO, according to a press release in late Novembank to work for the government» received letters from the AFL - CIO, according to a press release in late November.

And if banks are doing God's work — and «lift people out of poverty,» as Blankfein said at the Clinton gathering last year, how can encouraging talent to leave that work to join the government be beneficial for humankind?

His government has admitted virtually every big international bank, from New York's First National City to Moscow's Narodny, and has left them free of the numerous restraints that they face elsewhere in the Far East.

A day after releasing Dimon's annual letter to shareholders, J.P. Morgan Chase (jpm) Wednesday revealed details of its special provisions for compensating employees who leave the bank for government service.

J.P. Morgan's provision for compensating employees who leave to serve in government — a practice so common on Wall Street that it has become known as the proverbial «revolving door» — has become a point of contention in recent years, not only at the bank but for the industry as a whole.

Instead of the governments taking over the banks as in Europe, instead of steering their lending in the public interest, the Treasury is leaving control over to the same guys who have been mismanaging the credit system all along.

A lower tax on land rents leaves more to be capitalized into bank loans, and hence inflates the price of housing — while government revenue is balanced by burdening labor and industry with income and sales taxes.

Full employment via public jobs is a great thing; but, oh, it is so blatantly obvious that debt - free money creation by the government is absolutely censored on both the right and the so - called left to protect the commercial - banking cartel.

Prior to his leave with the Federal Government, he was group head Bank of America's Project Finance Section for Mining and Minerals worldwide and a Vice President with JP Morgan.

Assuming that the total amount of bad debt in the banking system exceeds total bank capital — something which is almost certainly true — the conversion of debt which can not be serviced into an equity position that is unlikely to generate much more (and in an economic downturn, which is when we are most concerned about the debt burden, we can assume that the decline in value of these equity positions will be highly correlated) leaves the net indebtedness of the banking system unchanged, and so the contingent liabilities of the government are unchanged even as reported debt in the system declines.

«He doesn't want to leave any question about the independence of the Governor of the Bank of Canada, but we have a situation under the Conservative government that has allowed record household debt... and the bank is really caught between a rock and a hard place, because these high debt levels create pressure for higher interest rates, but inflation is very Bank of Canada, but we have a situation under the Conservative government that has allowed record household debt... and the bank is really caught between a rock and a hard place, because these high debt levels create pressure for higher interest rates, but inflation is very bank is really caught between a rock and a hard place, because these high debt levels create pressure for higher interest rates, but inflation is very low.

They rant against debt but continue to buy government notes or leave cash in the bank at 1 % interest.»

With the UK economy gradually picking up pace and inflation rising on the back of a weaker currency, the UK's central bank may finally go ahead with a rate hike for the first time in a decade, although it is widely expected to leave the monthly government and corporate - bond purchases untouched at # 435 and # 10 billion respectively.

Last Thursday, the Office of Financial Research (OFR), part of the Federal boondoggle created under the Dodd - Frank financial reform legislation in 2010 to foster the illusion that the government was reining in risk on Wall Street, released a new study showing almost unfathomable levels of systemic and interconnected risk among the too - big - to - fail banks that cratered the U.S. financial system in 2008 and has left our economy still struggling to right itself.

Well, if they leave all their money in bank deposits and Canadian government bonds, they'll be very safe but they won't make very much,» said Darrell Duffie, a Canadian economist at California's Stanford University.

Porter made similar comments during the bank's annual meeting last April, when he called on governments to end the «inter-provincial bickering» and «political indecision» that has left energy projects mired in delays.

But today, home buyers can put up as little as a 3 percent down payment for a Bank of America mortgage guaranteed by the government agency Freddie Mac (and 3.5 percent for an FHA - insured mortgage), leaving homeowners with 97 percent financialization.

As more savings are sent the government's way, fewer are left for private investment, including bank loans to small businesses.

The Liberal Democrats warned today's deal would leave taxpayers bearing all the risks on Northern Rock, arguing the government is effectively nationalising the bank's liabilities.

Mahmoud Abbas has been threatening to dismantle the Palestinian Authority over and over since April 2010, saying he would hand over «the keys» for the occupied West Bank to the Israeli government; while in 2011, Greek Prime Minister Papandreou threatened to leave the Eurozone and called a popular referendum on austerity measures, which implicitly questioned membership in the euro zone.

From unpopular VAT hikes and obscene bank bonuses to ill - conceived and rushed NHS reorganisations, the various U-turns, volte - faces and compromises of this Tory - led government have left the Labour leader with the ball at his feet and the goalkeeper out of position.

While the Nigeria Police Force, once again commiserate with the Government and people of Kwara State, most particularly the people of Offa, the Force will leave no stone unturned in ensuring that all the perpetrators of the Offa Banks Robbery are arrested and prosecuted.

In fact, the structural deficit left by the last government was largely due to tax receipts falling after the recession caused by the banks.

1.1 million businesses were created under the Labour Government and, on leaving office, the World Bank ranked the UK fourth in the world, ahead of the US and first amongst European countries, for «ease of doing business».

«We have consistently called for proper negotiations on the key issues of paying more and working longer for less, but the government has refused at every point, leaving us with no choice but to oppose what is nothing more than a political attempt to make the least culpable pay the highest price for the failings of the banks.

RBS was bailed out by # 45 billion of taxpayers» money, leaving the government holding an 81 % stake in the bank.

It's what I mean by irresponsibility in government, when they don't properly regulate banks, don't control public finances, and leave our country exposed to the whims of the international money markets.

«The Bank is therefore caught between hiking rates to anchor inflation expectations, or leaving rates on hold to help prop up a fragile economy which faces the ramping - up of government spending cuts in coming months,» Markit's chief economist Chris Williamson said.

«The opportunity for these projects to use significant time on the world's best scientific instruments is occurring in part because of the limitations in government funding for these facilities,» Worden says, noting that flat or shrinking NASA and National Science Foundation budgets for astronomy have left the Parkes and Green Bank radio telescopes — as well as many other observatories — scrambling for new sources of financial support.

The Canadian government banned fishing on the Banks in 1992, when scientists discovered there were nearly no adult cod left.

In the past, of course, we had the revolving door, but generally high - ranking officials left the government and went back to their cushy positions in banking, corporations, etc..

The government of Canada has banks operating under strict regulations, which unfortunately leave many residents seeking loans out in the cold.

Both policies, stagflation and financial repression, come about because the government and central bank are trying to force the economy to do more than it can do, leading to greater poverty on the low end of society, leaving aside the fine - sounding words of the liberals.

Will the government or the bank block my bank account when I leave the U.S or when they see that I make money as a tourist using the bank account that I opened?

According to the latest reports in Asia, Japan's three largest banks have decided to reject the Transport Ministry's rehabilitation plan for the troubled JAL but the country's new centre - left government is set to bail the company out.

of Oceanography, 121, 140 Sea - level rise, 7, 16, 101 - 102, 104, 108 - 112, 186, 240, 246 Sea Shepherd Conservation Society, 42 Schelling, Thomas, 125 Schlesinger, James, 221 Schmidt, Gavin, 84, 121, 123, 162 Schumer, Charles, 187 Scientific - government complex, 172 Seitz, Fredrick, 155 Sensitivity, climate, 87 Shapps, Grant, 24 - 25 Sharp Solar Corporation, 176 Shearman, David, 34 Sherwood, Steven, 91 Shell Corporation, 14, 176 Siegel, Kassie, 137 Siemens Corporation, 14, 176 Sierra Club, 21, 83, 179, 222 Sinclair, Upton, 182 Singer, S. Fred, 53, 62, 67 Singh, Mahoman, 11 Sissons, Peter, 168 SKY experiment, 94 - 96 Slingo, Julia, 174 Slovakia, 43 Smitheringale, Tom, 111 Smith, Joseph, 34 Snow, 16, 113, 115 - 116, 120 - 125 Solar constant, 91 Solar cycle, 91 Solar energy, 19 - 21, 28, 39, 45, 110, 128, 171, 176, 183, 185 - 186, 188 - 198, 200, 202, 206, 214 - 218, 220, 226, 228, 233 - 235, 243, 245 Solar Millennium Corporation, 218 Solar Trust of America, 245 Solar wind, 92 - 94, 96 Solomon, Susan, 162 Solon, 218 Soon, Willie, 112 South Africa, 36, 39, 58 - 59, 62, 166, 224, 242 South America, 224 South Korea, 32 South Pole, 74 Soviet Union (USSR), 136 - 137, 142, 147 Spain, 23, 134, 176, 187, 192 - 193, 195, 214 - 215, 228, 244 Spencer, Roy, 75, 85, 88, 105, 119 - 120, 158 Stabenow, Debbie, 12 Stanford University, 176 Steiner, Achim, 37 Stern, Nicholas, 8 - 10 Stern Report, 101 Steward, Leighton, 131 Stewart, Ken, 151 Stocker, Thomas, 167 Stomata, leaf, 77 - 78, 82 - 83 Storm, 52, 68, 113 - 114, 116, 120, 144 tropical, 7, 114, 116 - 118, 120, 133, 147 Storms of My Grandchildren, 72 Stott, Peter, 121 - 122, 162 Stott, Philip, 168 Stringer, Graham, 165 Strong, Maurice, 36 Subsidy, 20, 24, 45, 171, 176, 183, 201, 203 - 204, 208 - 211, 214 - 215, 217 - 220, 224, 225, 235, 244 Sulfur oxide (SOx), 94 - 95, 129, 209 - 210 Sumitomo Bank, 14 Sun, 55, 91 - 99, 126, 190 - 191, 194, 238 Sunspot, 91 - 94, 96 - 97, 240 Supercomputer, 52 - 53, 174, 182 Sustainable development, 1, 13, 34, 38, 40, 44, 142, 171, 176, 195, 206, 208, 210, 217, 233, 234, 238, 243, 245 - 246 Suzuki, David, 177 Svensmark, Henrik, 94 - 96, 98 Sweden, 38, 58 - 59, 62, 123, 134, 216, 232 Switzerland, 167

And hundreds of transactions dependent upon certifications of ERMSs as being capable of producing reliable records, will be left without a method of certification — e.g., banks and governments require such certifications.

Pictured (left to right): host Shereen Mitwalli; Stephen Knight, Allen & Overy senior associate, banking and finance; awards judge Duncan Wood, senior legal officer, Government of Dubai Legal Affairs Department

Employees, amounts not remitted to the government for employees» tax deductions, secured lenders (usually the bank), and landlords and franchisors usually head the line for getting paid, if there are any assets left for them to divide.