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...that point, pressure mounted from regulators, the Federal Reserve and Congress on the Financial Accounting Standards Board to loosen accounting rules so that the toxic assets' book value could be marked up to buttress the banks' balance sheets - conveniently raising the assets' potential sales price at the same time. And in late March, days before the meeting with the bank CEOs, Geithner and Obama unveiled the government subsidies for buyers, drawing big names like Blackstone and Pimco into the market to purchase the assets from the banks and resell them...

Author: /time Magazine | Title: Banks Balk at Selling Toxic Assets | 4/16/2009 | See Source »

...country’s oldest continuously published college literary magazine, the interior tells a different story. The Advocate’s past literally envelops the space: the walls of the Sanctum are lined with rows of wooden plaques dating back to 1872. Names written in gold commemorate board members of each guard, the letters fading away with each older plate. To peruse these plaques along the perimeter of the room is to travel back in time through a chronicle of Harvard luminaries—L. Grossman, J. Atlas, T. S. Eliot, J. Ashbery, T. Roosevelt. History’s presence...

Author: By Liyun Jin, CRIMSON STAFF WRITER | Title: 'Advokats' In The Hous | 4/16/2009 | See Source »

Amidst all of the fuss about Harvard’s finances, we are in danger of letting Ad Board reform slip away. The composition and policies of the board, a group of administrators and faculty that evaluates students who violate a major school rule, has been a pressing student concern for many years. With the near-completion of the Ad Board Review Committee’s report, we are closer than ever to seeing meaningful progress. However, in order for reform to go through, the faculty must approve many of the changes the report proposes. And, unless the report comes...

Author: By The Crimson Staff | Title: Dean Hammonds: | 4/16/2009 | See Source »

...BC’s lead runner to get the game’s first out, allowing Zumbro to settle down. The rookie starter responded by striking out the next two hitters.The Crimson gave Zumbro some breathing room in the top of the second, putting three runs on the board. Freshman Whitney Shaw drew a leadoff walk, and after junior Jessica Pledger reached safely on a fielder’s choice, classmate Melissa Schellberg, who is also a Crimson sports editor, dropped a single into left center.Bock came up with two outs and drilled a double to left field, plating rookie...

Author: By Kate Leist, CRIMSON STAFF WRITER | Title: Offensive Surge Can’t Bring Win | 4/16/2009 | See Source »

...nuanced discussion than just ‘the [current] drinking age sucks’,” said Anita J. Joseph ’12, the chair of the National Campaign Committee, the group within the Institute of Politics that sponsored the discussion. Joseph is also a Crimson editorial board editor. The discussion featured guest panelists from several walks of University life, including Ryan Travia, director of Alcohol & Other Drug Services at UHS, and Economics Department Director of Undergraduate Studies Jeffrey A. Miron. Stefan K. Muller ’12, the president of the National Youth Rights Association, a group...

Author: By Spencer H. Hardwick, CONTRIBUTING WRITER | Title: Panelists Debate Drinking Age | 4/15/2009 | See Source »

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