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...firm, based in Charlotte, N.C., had never been a big player in the subprime-mortgage business, in either lending or underwriting loans. That prudence led to smaller lending losses at B of A than at Citigroup and other rivals. What's more, while other financial firms were verging on broke, Bank of America seemed to have enough capital to play the role of rescuer in the credit crunch...

Author: /time Magazine | Title: The Rise and Sudden Fall of Bank of America's Ken Lewis | 10/1/2009 | See Source »

While there was some public annoyance with Washington's action, the government's attempt to appeal to Kenyan nationalism may have backfired. Regular Kenyans seem to think that Brother Barack was only doing his familial duty. An unofficial television poll after the news of the U.S. letters broke found that 82% of respondents disagreed with the Foreign Ministry's move to summon Ranneberger. And no one is more critical of Kenya's leaders than Kenyans themselves. "The government's attitude has been that this can't be happening unless somebody's inciting Obama and that it's got nothing...

Author: /time Magazine | Title: The Talk of Kenya: What Does Obama Have Against Us? | 10/1/2009 | See Source »

...FDIC's fund by the same amount that it is boosted by the prepayment. That means, at least on the books, the net effect of the prepayment for the FDIC fund will be nada. So even with the $45 billion coming to it, the FDIC will look broke, and probably stay that way until sometime in late 2012. And that raises the question as to how much a boost in confidence the prepayment plan will be to the banking system. "Does it really spook people that the FDIC has a negative number?" says Miller. "To the public, I think...

Author: /time Magazine | Title: Can an Accounting Trick Rescue the FDIC? | 9/30/2009 | See Source »

...slow-paced game, Wake Forest broke the scoreless tie at 61:29 with a goal from Anthony Arena. The freshman received the ball off a corner kick from senior Austin da Luz and placed it inside the left post from six yards out, putting his team ahead for good...

Author: By Christen B. Brown, CONTRIBUTING WRITER | Title: Harvard Drops Defensive Battle to Demon Deacons | 9/28/2009 | See Source »

...Winters said. “It just kind of takes the wind out of you. You know I didn’t see it, I don’t know, I’m sure it was a good call, but Treavor made a great play on that, broke a couple of tackles, made some great cuts, everyone was excited. You know, for that to be called back, you just have to regroup...

Author: By Dixon McPhillips, CRIMSON STAFF WRITER | Title: NOTEBOOK: Last-Play Decision Raises Questions | 9/28/2009 | See Source »

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