Word: crediteers
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...complain when the money was good. I gave you a lot of good years. More than anyone else, blame yourself." Then there's the cleansing argument, the one about all the charitable good: "I did the best I could. I gave back millions. Don't I deserve some credit...
Instead of one coordinated program to bolster the economy, financial, and credit systems there are a number of piecemeal solutions. Freddie Mac (FRE) yesterday said it would need $30 billion in new funding. AIG (AIG) got billions of dollars in additional assistance and a restructuring of its obligation to the government just last week. The Wall Street Journal is reportingthat several large insurance companies may need substantial aid. Those who may put their hands out include MetLife (MET), The Hartford (HIG), and Prudential...
...time of pessimistic forecasts and rising fear, many toxic assets are probably worth more than the bank models or credit-default-swap indexes suggest. For example, a recent reading of the ABX index puts the value of even the highest-rated subprime mortgage bonds created in 2007 at only 27% of their precrunch prices. Yes, Americans are behind on their mortgages, but even the most pessimistic prognostications do not predict that 73% of home loans will become worthless. (See pictures of the dangers of printing money...
...conference opponents and kept the team out of the NCAA Tournament for the first time since 2002. They might look to an irresponsible Crimson penalty for having too many players on the ice that set up the power play in which RPI scored the game-ending goal. They might credit Engineer goalie Sonja van der Bliek for playing the game of her life, registering a career-high 48 saves to lead her team to the tourney’s final round...
...Professor of Christian Morals Peter J. Gomes had music on his mind—namely the dulcet tones of the choir that sings in Memorial Church every Sunday. After Greenblatt’s presentation, Gomes raised the possibility of rewarding the work of student performers and artists with academic credit. “Is it unthinkable? Have you given any thought to this?” Gomes asked as he waved a copy of the crimson report near his head. Greenblatt observed that students already had opportunities to create works of art for academic credit in departments like visual...