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Now it appears like AIG, an insurance coverage giant, is about to fail also? Who will be next? Must we bail them out?

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Question by bassdoc: Now it appears like AIG, an insurance coverage giant, is about to fail as well? Who will be next? Must we bail them out?
The US doesn’t have the funds reserves (in fact we’re totally broke – which led to all these failures in the very first place) to bail out or shore up something.
I just saw the Fed is about to “release” (that means create a rubber verify for) 70 billion A lot more cash for loans – the difficulty is we’re in loans and debt up to our eyeballs!
Now AIG has been downgraded and is possibly headed towards failure also. Is this just one more domino in the line towards true Depression?
Since Sara and McCain seem to consider items were run just fine the final eight years, should we vote for them?
(PS: Hint: This has nothing to do with the Democratic congress which has been allowed to pass nothing except the Farm Bill).
Thank you Edith for pointing out that it is all Clinton’s fault (lol!)
No issue – we’ll just sell far more of our nation to the Communists or Radical Islam (that is been George’s remedy so far!)
Oops! My mistake! It was 85 billion dollars! (…Of taxpayers funds that is, It just occurred, and beneath Bush’s watch, not Democrats).

Best answer:

Answer by LovingLife
Scary instances. 1 more giant crumbles, and McCain lies, however once again, by saying the “fundamentals” of our economy are powerful.

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When need to I apply for an analyst job at a big investment bank like Goldman Sachs or Lehman Brothers?

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Question by Michael A: When need to I apply for an analyst job at a large investment bank like Goldman Sachs or Lehman Brothers?
I am a recent graduate from the University of Michigan with a dual main in Political Science and Philosophy. I had a GPA of 3.86 general and higher in my two majors. I held a steady job throughout college, operating nearly complete time plus college and, in my senior year, an internship at a regional public defender’s workplace. After college I took a job at a huge DC law firm, but now I am not as sure as I was that law is for me. Portion of what we do here is working with big banks right after hunting at some of that, it genuinely interests me.

I have the operate ethic to survive at a large financial institution, but I need to have to stay right here through the spring. I would like then to move to NY and get a job at a huge bank, but I need to know when I need to apply for those positions. I just bought some books about Wall St. so I can discover far more about the market. I require to study those & enhance my financial expertise ahead of I’d want to go into an interview.

When should I apply? Any other ideas for me? Thnx

Best answer:

Answer by Kerry F
Many of these firms employ seniors in college in the fall who will start off their positions the subsequent summer. However, for individuals who have been in the workforce for even a short period of time, they have a distinct recruiting schedule.

If I were you, I would speak to your college profession center and see if they have any contacts at these firms – if they have recruited at your campus, or if there are alums from your school who perform there, you ought to be in a position to make a get in touch with. If so, it is best to try to get your foot in the door that way rather than blindly applying by means of the website.

That being said, I am in college recruiting, and both Goldman and Lehman have drastically cut their hiring for the year, so it might be tough going for a although…

Ideal of luck to you!

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a companies acceptance of credit cards like visa is an expample of ?

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Question by Kristen S: a companies acceptance of credit cards like visa is an expample of ?
securitization
factoring with recourse
discounting
factoring without recourse

Best answer:

Answer by googie
Marketing Question ? Mid -term Exam? Security is the main reason. The amount of the clients purchase is known. It is scribed into the credit card’s approval activity,with the amount to be charged, Visa approves the amount and the customer gets the goods.So now, instead of every retailer carrying receivables, the credit card people assume the risk, and receive a percentage for their work. Visa is in effect factoring with recourse. If any problems arise Visa charges back the amount to the retailer.

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