McDonalds Targets Children
McDonald's Marketing Focused On Children
McDonald's Marketing Focused On Children
Citigroup to Raise $7.5 Billion From Abu Dhabi
Citigroup Inc., the biggest U.S. bank by assets, will receive a $7.5 billion cash infusion from Abu Dhabi to replenish capital after record mortgage losses wiped out almost half its market value.
US Wins Support for New Pressure on Iran
The United States won support Thursday for more pressure on Iran from two key European allies, France and Germany. Their leaders urged a continued push on Tehran over its nuclear program, saying the country remains a danger.
Toyota Motor on Thursday unveiled a robot that can play the violin as part of its efforts to develop futuristic machines capable of assisting humans in Japan's greying society.
Sub-Prime Mortgage Debt Is But The Tip
.... Again why could Deutsche Bank not show the 14 mortgages on the 14 homes? Because they live in the exotic new world of “global securitization”, where banks like DB or Citigroup buy tens of thousands of mortgages from small local lending banks, “bundle” them into Jumbo new securities which then are rated by Moody’s or Standard & Poors or Fitch, and sell them as bonds to pension funds or other banks or private investors who naively believed they were buying bonds rated AAA, the highest, and never realized that their “bundle” of say 1,000 different home mortgages, contained maybe 20% or 200 mortgages rated “sub-prime,” i.e. of dubious credit quality.