Word: backstopping
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...this activism comes at a price. The Fed's rate cuts have fueled inflation and undermined the dollar, now trading at about $1.60 to the euro. The Treasury's willingness to backstop Fannie and Freddie, which together are on the hook for $5.2 trillion in mortgage debt--just slightly less than what the U.S. government owes investors--is already sparking a bit of worry about the soundness of T-bills and bonds. With more bailouts, that worry could snowball...
Your nest egg doesn't have to suffer a similar fate. Any time turmoil strikes the market and your notional allies--in this case, banks and bond-rating agencies and bond insurers that are supposed to backstop you--fail in their duty and leave you, well, dogless, it's a good time to take a good look at what you own. In this sense, says Guy Cumbie, a financial planner in Fort Worth, Texas, "anything that stress-tests your portfolio and gets you to pay attention to the level of risk you are taking is a good thing...
...Bobcats edge, but Quinnipiac responded as the period wound down with its best play of the night. When Harvard coughed up the puck at the Bobcats blue line on the power play, Quinnipiac’s Eric Lampe took it the other way, deking his way past backstop Kyle Richter on the breakaway and tucking the puck inside the left post to run the score to 6-3.“I’ll be honest: I think we had a lot of guys that didn’t have great games tonight. Kyle was one of them...
...mind this season, posting three shutouts en route to a 6-3-2 start. Other than a four-goal blip last Tuesday against Rensselaer, Richter has been outstanding, posting some of the best numbers in the nation. His save percentage (.952) is still unmatched by any other backstop, and his goals-against average (1.43) is good enough for third in the country...
...third period with a one-goal lead at home. That should be a recipe for a win to have the lead at home.”After Donato pulled Richter, the team applied tremendous pressure to Raiders goaltender Mark Dekanich in the last 35 seconds, only to see the backstop repel two last-second, point-blank attempts by Taylor and sophomore Doug Rogers as the Crimson crashed the net.The ending evoked all the more frustration given that the game remained close from the opening faceoff.In the first period, the Crimson outshot the Raiders, 11-9, but Colgate?...