Word: crisises
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The Real Bailout Some bankers now have the attitude of, What's the problem? The crisis is over. Get out of our way and let us get back to business. This is especially true of those who don't owe the government any money. The conventional thinking is that the...
So, you see, the real bailout wasn't TARP. It was lending and guarantee programs from the Fed and the Federal Deposit Insurance Corp. The Fed had a mere three borrowing programs before the crisis started in the summer of 2007, when two Bear Stearns hedge funds failed. At the...
That's harshly arbitrary, as is the fact that UAW jobs have been saved, at least for now, thanks to $60 billion of government money flowing into GM and Chrysler. Meanwhile, other companies have been allowed to croak. I can see how on macroeconomic grounds, it makes sense. Letting GM...
For better or worse, Harvard’s actions greatly affect the surrounding community. Its employment of thousands of individuals from communities throughout Massachusetts and the university’s projects in the loci of those areas ensure a high level of codependence. The recently stalled initiative to build the...
Harvard’s endowment has declined over 27 percent in the past year, and the billions of dollars lost in the credit crunch demands attention. Yet The Boston Globe and others who call for a fundamental change in Harvard’s investment philosophy as a result are themselves...