CREDIT CRISIS INVESTMENT : BANC OF AMERICA INVESTMENT SERVICES INC ACCOUNTS.
Credit Crisis Investment
A credit crunch (also known as a credit squeeze or credit crisis) is a reduction in the general availability of loans (or credit) or a sudden tightening of the conditions required to obtain a loan from the banks.
Term referring to the current global economic situation, beginning as far back as 2005 with U.S. interest rates rising, creating the sub-prime crisis in the housing market. It describes a severe shortage of money or credit.
A thing that is worth buying because it may be profitable or useful in the future
An act of devoting time, effort, or energy to a particular undertaking with the expectation of a worthwhile result
the commitment of something other than money (time, energy, or effort) to a project with the expectation of some worthwhile result; "this job calls for the investment of some hard thinking"; "he made an emotional investment in the work"
investing: the act of investing; laying out money or capital in an enterprise with the expectation of profit
The action or process of investing money for profit or material result
outer layer or covering of an organ or part or organism
Merrill Lynch Calling for Help!
Following the spectacular collapse of AIG and Lehman Brothers in September 2008, Merrill Lynch & Co. knew that its days as an independent investment bank were numbered. It sought help from other banks and agreed to a buyout from the Bank of America for USD $50-billion.
I thought the police cruiser in the back fit the title that "Merrill Lynch Calling For Help" quite well. In reality, the police car was blocking off traffic for the Toronto International Marathon held on 2008-09-28.
mysterious man in the background
The boss of the Dutch National Bank was giving a speech on the credit crisis and he had his picture in the papers.
But behind him was this out-of-focus figure. Is it a painting in the background? One of the bank gnomes of Zurich? Or one of those men-in-black that secretly govern world affairs?