Archive for the ‘Good Corporate Citizens’ Category
Banks and government bailout money
Over the last few years, US banks over-leveraged their positions by disbursing an increasing number of unsecured loans. Coinciding with an economic downturn, this led to their business being severely affected with several banks like the Bank of America, Morgan Stanley, and Citigroup, among others. With over $700 billion of government spending diverted to these [...]
September 10, 2009
Posted in: Good Corporate Citizens 
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