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POPSAlways Bet On The Hermès Ties Rob Cox gives a history lesson of why it is the investment bankers who usually come out on top in banking marriages no matter how good or bad the deal is, and the Merrill-BofA one doesn't look so great.
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POPSThe Bailout: Obama's Turn This is going to grow into a much larger story in the coming months. The original $700 billion in TARP money is not nearly enough to grease the credit markets, buy up bad assets and provide foreclosure relief to millions of homeowners. After the inaugural parties, are over, the Obama administration deals with the task of remedying the country's economic hangover. First step: spending the remaining $350 billion in TARP money (actually a little less, because some of it is already spoken for). Why should the Bush administration have all the spending fun?
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POPSPawnbrokers Thrive On Recession Since bank loans are hard to come by these days, cash-strapped, middle-class Americans are turning to alternative lenders like pawnbrokers to fill the void. For other alternative lending options, check out Banking 2.0: New Capital Connections For Entrepreneurs http://www.forbes.com/2008/02/11/lending-online-banking-ent-fin-cx_mf_0211capital.html
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POPSBofA CCB Stake Sale Scuttled By China Rule Not that that law exists by accident. It is intended to stop foreign investors in strategic Chinese industries selling key stakes. Next year, the lockups on two other Chinese banks expire, too.