Rajan shows how the individual choices that collectively brought about the economic meltdown —
made by bankers, government officials, and ordinary homeowners — were rational responses to a flawed global financial order in which the incentives to take on risk are incredibly out of step with the dangers those risks pose.
Liberal Democrat Treasury spokesman Vince Cable said: «This big increase in bonuses does not in any way reflect the particular contribution
made by bankers to the economy.
The next major step towards the modern credit card was
made by a banker named John Biggins.
Not exact matches
A central
banker paralyzed
by fear of
making the wrong choice is a serious problem.
The Community
Bankers Association (CBA) says they want to be let off the hook if a robocall is
made to the wrong cellphone number
by mistake.
To hear the
bankers tell it, the business world stands to gain significant advantages
by going digital: up - to - the - minute account information, easier access to that information, the ability to
make financial decisions quicker, fewer transaction errors, and, ultimately, lower banking costs.
If you are a
banker, or
by some other qualification a member of what Taibbi dubs here «the grifter class» for whom «government is a slavish lapdog that the financial companies... use as a tool for
making money» — well, you and the author are not going to get along.
By using monetary policy alone to fight inflation, and being too aggressive,
bankers needed to
make risky bets to get the same level of return that a normal growth economy would produce.
«While quite informative regarding the state of the lending market,» the records analyzed
by Reveal do «not include sufficient data to
make a determination regarding fair lending,» the Mortgage
Bankers Association's chief economist, Mike Fratantoni, said in a statement.
Many people believe that the Internet
makes a central
banker's job easier
by helping to hold down prices.
After graduating from Harvard Business School, Spier
made a «spectacularly foolish» decision to join D. H. Blair — a third - tier firm that was eventually shut down
by regulators — where he was exposed to a «snake pit» of Gordon Gekkos and
bankers that pushed boundaries.
But efforts
by President Emmanuel Macron, a former investment
banker, to woo the industry
by making it easier to hire and fire and cutting taxes on salaries, wealth and capital income appeared to be paying off.
Moreover, it is now doubtful whether the efficient market hypothesis
makes any kind of sense. Indeed, a great many economists and
bankers have discovered Minskyâ $ ™ s views on financial fragility and his financial instability hypothesis, according to which banks and financial markets can not be left to themselves: we need regulations even though regulating markets may not succeed in avoiding another crisis once the memory of the current crisis has faded away.As told to me
by a law student recently hired
by Blackrock, the largest asset manager in the world, with assets totalling more than 3,500 billion dollars â $ «thatâ $ ™ s one and a half times larger than UBS and twice as large as PIMCO â $ «many asset managers are now turning away from hiring neoclassical economists and actually prefer hiring engineers, sociologists and even philosophers.
Yet somehow, despite policy failures that are
made obvious
by the lowest interest rates ever recorded in human history, a persistent narrative still dominates financial markets: all - knowing, omnipotent central
bankers are still in full control of the situation and will do «whatever it takes» to maintain order.
But if the choice was being
made by the central
bankers and academic economists who attended a closely - watched conference in Jackson Hole, Wyo. over the weekend, there would be another name very much in the mix — and quite possibly the front - runner.
According to Ivan, there's nothing new about our
banker - in - chief being the partisan tool of our commander - in - chief: But whatever Bernanke's own personal motivations may be, free from or encumbered
by political inclinations, the transformation of the Fed since the late 1970's
makes....
Those choices were
made a thousand years ago
by the kings and
bankers who's minions rule you today.
To
make Jewish
bankers and atheistic Communists filthy rich
by running up your credit cards while buying loads of cheap Chinese crap!!!
Alot of the poor now in this economy were
made so due to direct criminal actions
by the top elite wallstreeters and rich
bankers and the politicians that serve them.
He
made a plea for what he called pioneer religion — in which God the trail boss and Jesus the scout lead the church, a covered wagon always on the move, as the minister dishes up for the pioneers fresh meat brought in
by the Holy Spirit — over settler religion in which God the mayor and Jesus the sheriff run the church as a courthouse and the minister -
banker protects the interests of the religious establishment.
But the 160
bankers, brokers and investment counselors gathered in front of Toots's 10 - foot -
by -8-foot closed - circuit television screen were prepared to
make the best of a bearish situation even if they couldn't afford a trip to Chicago.
David Cameron appeared to back down in the face of calls for criminal penalties for
bankers today, when he pledged to bring forward recommendations
made by a parliamentary commission.
Are these Liberal Democrats «okay» with
making some of the most vulnerable people in our society pay for the economic mess caused
by millionaire
bankers?
It's a Wonderful Life, a putatively heartwarming story about a small - time
banker with a heart of gold, manages to combine all four elements, as it inexplicably lionises a lunkheaded ninny who risks the financial health of his community
by making a series of bad loans to people who are in no position to repay them.
Banker bashing [Jailing
bankers and deferring their bonuses] it's a little bit like the announcement
made recently
by the health department, that recklessness will lead to a criminal charge.
In 2006, the commission, led
by investment
banker Stephen Berger,
made dozens of recommendations, including closing many New York hospitals.
While we have criticized some of the specific recommendations of the Governor Cuomo's other tax advisory commission, the Tax Reform and Fairness Commission, chaired
by investment
banker Peter Solomon and former Comptroller McCall, that Commission's report shows that it is possible to implement tax cuts that
make sense from a tax fairness and / or an economic competitiveness perspective without reducing revenue.
The
banker during Monday's proceedings also told the court how cash deposits ranging from N900, 000 to N8.8 m were
made by him on behalf of the judge.
Under cross-examination
by Akinjide's lawyer, Ayorinde, the
banker said she
made three statements at the EFCC, which were also tendered in evidence.
The plot of The Room
makes little sense, but here's a synopsis: San Francisco
banker Johnny (Wiseau) is betrayed
by his fiancée Lisa (Juliette Danielle) when she inexplicably decides to seduce Mark (Sestero), his «best friend» (a fact that we are reminded of many, many times).
He or she will be sure to tell you that — despite long summers spent basking on the beaches of the Riviera, despite winter breaks spent sliding down the slippery slopes of Aspen, despite hours that would
make a
banker green with envy, despite full - time salaries spent on filling the leisure hours left
by what are really only part - time jobs — teaching is a tough profession.
A dozen years after it was created
by Congress, the city's charter system has taken shape as a fast - growing network of schools, whose ability to tap into private donors,
bankers and developers has
made it possible to fund impressive facilities, expand programs and reduce class sizes.
They spent much of their working lives in the service of Herman Andreae, a merchant
banker and keen sailor who owned a succession of exotic motor cars / The cars of Amédée Bollée fils — Michael Worthington - Williams investigates the pioneering steam and petrol - powered vehicles
made in Le Mans
by the scion of a bell - founding dynasty / In Memoriam: Pat Fairfield — Peter McFadyen tells the story of this successful ERA driver and the tribute to him produced after his early death
by his racing rival and close friend Prince Bira
In a New York City
made phantasmagorical
by the events of 9/11, Hans - a
banker originally from the Netherlands - finds himself marooned among the strange occupants of the Chelsea Hotel after his English wife and son return to London.
Agreed payment terms
by credit card, PayPal, cheque,
banker's draft or postal order
made payable to Kazoo Independent Publishing Services.
Today, I'm going to reiterate my position that, in the age of competitive quantitative easing
by the world's central
bankers, it
makes sense to err on the side of bullishness.
The first printed checks as we know them today were
made in 1762
by a British
banker.
With this
make sure you have your real estate investment plan reviewed
by your
banker so that you are on the same page and financing hiccups don't kill your build.
(F) «Mortgage
banker» means any person that
makes, services, or buys and sells mortgage loans and is approved
by the United States department of housing and urban development, the United States department of veterans affairs, the federal national mortgage association, or the federal home loan mortgage corporation.
«Credit Services Organization» does not include any of the following: (i) a person authorized to
make loans or extensions of credit under the laws of this State or the United States who is subject to regulation and supervision
by this State or the United States, or a lender approved
by the United States Secretary of Housing and Urban Development for participation in a mortgage insurance program under the National Housing Act (12 U.S.C. Section 1701 et seq.); (ii) a bank or savings and loan association whose deposits or accounts are eligible for insurance
by the Federal Deposit Insurance Corporation or the Federal Savings and Loan Insurance Corporation, or a subsidiary of such a bank or savings and loan association; (iii) a credit union doing business in this State; (iv) a nonprofit organization exempt from taxation under Section 501 (c)(3) of the Internal Revenue Code of 1986, [FN1] provided that such organization does not charge or receive any money or other valuable consideration prior to or upon the execution of a contract or other agreement between the buyer and the nonprofit organization; (v) a person licensed as a real estate broker
by this state if the person is acting within the course and scope of that license; (vi) a person licensed to practice law in this State acting within the course and scope of the person's practice as an attorney; (vii) a broker - dealer registered with the Securities and Exchange Commission or the Commodity Futures Trading Commission acting within the course and scope of that regulation; (viii) a consumer reporting agency; and (ix) a residential mortgage loan broker or
banker who is duly licensed under the Illinois Residential Mortgage License Act of 1987.
A laddered CD portfolio requires constant maintenance, although your local
banker can
make it less painful
by automatically renewing your CDs.
We should
make note that Greenspan followed his comment about irrational exuberance
by quickly adding that central
bankers need not be concerned with the collapse of an asset bubble if it does not impair the real economy.
The department maintains a recovery fund to
make payment of certain actual out of pocket damages sustained
by borrowers caused
by acts of licensed mortgage
banker residential mortgage loan originators.
George Brenkert, a professor of business ethics at Georgetown University, told The Wall Street Journal a couple years ago that people have a moral responsibility to pay their mortgages, and the Mortgage
Bankers Association's CEO
made the same case: «What about the message they will send to their family and their kids and their friends
by defaulting?»
And I think it can be downright misleading sometimes — don't forget, I'm firmly convinced the whole methodology was invented
by investment
bankers, just to
make acquisition targets look that much cheaper on a multiple basis.
There has been a hint of optimism for home equity lending among
bankers this earnings season, but attitudes remain mixed a decade after the housing market crash began, and the supportive comments
made by some executives still fall far short of ringing endorsements.
A few weeks later as I was starting to
make some progress on my startup I was informed
by my
banker that all of my assets had been frozen
by the US government.
Rewards cards increasingly dominate the credit card market,
making up more than half the new accounts Americans have opened since 2012, a study
by the American
Bankers Association shows.
On the other hand the raucous humor of the various projects depicted
by Barcelona based artist and activist Leonidas Martin was quite wonderful and contagiously funny although one of the best pieces was video of a bank occupation, when in a kind of flash mob event, people closed their accounts at a branch of a major bank and a huge crowd of revelers suddenly materialized, eventually even
making an initially stunned woman
banker burst out laughing.
The stern of the «J - Bone» is occupied
by a seated man playing a flute, the rigging is manned
by a sailor in stripes and whites, and a red - faced business man in a suit (an echo of George Grosz's
bankers and businessmen, a type that
makes cameos in many of Eisenman's earlier works.)