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"Long-term confidence in solid government financing shores up growth and enables the same scope for short-term transitional assistance," he said.
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According to one of Europe's most senior bankers, there will be "an unending fire-sale of non-core assets" over the next 18 months.The big question, of course, is whether that will keep bank finances shored up long enough for markets to stabilise.
As their personal finances shored up, professionals I surveyed yearned for more control over their lives.
So the sooner public finances are shored up, the better.Economists do, however, appear to agree on two things.
Stockbroking and corporate finance group Shore Capital has given £25,000 while hedge fund Odey Asset Management Group, founded by Crispin Odey in 1991, has donated £20,000.
There is widespread agreement that the remote-control companies and off-shore financing that made them possible underscore the persistent weakness of Latin America's financial world.
6) $9 billion off-shore financing loophole for banks: Sec.
Behind closed doors, Congress larded it with corporate tax breaks worth tens of billions of dollars -- everything from tax credits for NASCAR racing and the railroads to subsidies for Hollywood, rebates for the rum industry and loopholes for off-shore financing that could help giant multinationals like General Electric avoid billions of dollars in corporate income taxes.
Needless to say, at a time when federal, state and local budgets are squeezed here at home, Romney's off-shore financing may be hiding assets that are not taxed, thereby increasing the taxes of everyone else who pays for vital public services.
Many of his colleagues are unwilling to accept that Social Security's finances cannot be shored up simply by raising taxes on the rich.
Following an investor meeting with the chief executive of Morrisons Dalton Philips and finance director Trevor Strain, Shore Capital repeated its sell recommendation on the business.
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