If a lending institution is faced with bids for a package of toxic assets that are less than the carrying value of those assets, the sale of those assets would trigger a further loss and reduce the underlying capital of the institution.
Housing works like a trampoline. When it is pushed down far enough and long enough, it will eventually snap upward very powerfully.
Many Russia experts note the deep and sad capacity of the Russian people for suffering.
The idea that America, whose oil production has been declining for the past 40 years, is now on track to become the world's biggest producer by 2015 is still hard to grasp.
Reasonable mergers generate substantial synergies, so that provides for earnings and cash-flow growth even if it doesn't provide for revenue growth, and I think that's a big driver.
Mergers generate substantial synergies.
