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Today, even though only about one-fifth of all retail credit union deposits make their way to corporate credit unions, corporates still fill an important role in providing liquidity and other sorts of services - like check-processing - to the industry, especially to smaller outfits. Were a corporate credit union to fail, the industry would feel it. No one knows how far the impact would spread, and whether it would trigger the collapse of any retail credit unions. In 1995, Capital Corporate Credit Union, which serviced the White House and Pentagon employee credit unions, failed because of heavy investments in - wait...
...generation of an American dynasty with long-standing ties to Harvard may be poised for political office.Caroline B. Kennedy ’80, daughter of John F. Kennedy ’40, is rumored to be considering an offer to fill the Senate seat currently occupied by Hillary R. Clinton, according to media reports last week.New York Gov. David A. Paterson met with Kennedy last week to discuss the position and assess her potential interest in it, the reports said. Paterson will name a replacement after Clinton’s expected confirmation as Secretary of State next month...
More importantly, the left-handed psychology concentrator has been able to fill the role of departed senior and Olympian, Caitlin Cahow ’07-’08, exceedingly well this season, becoming the leader of Harvard’s strong defensive unit...
While the decision on who will replace Barack Obama in the U.S. Senate has been thrown into chaos with the arrest of Illinois Governor Rod Blagojevich, the speculation over who will fill another prominent Senate vacancy has temporarily been overshadowed. But the question of who will replace New York Senator Hillary Clinton, Obama's choice for Secretary of State, is shaping up as an even more intriguing drama of garden-variety politics and star power...
...daughter, of course, would bring considerable star power to the job at a time when Paterson needs all the help in Washington he can get to win federal funds for the state's beleaguered budget. But whoever takes Clinton's seat would have to face voters in 2010, to fill out Clinton's term, and again in 2012, for re-election. And Kennedy, who has never run for office, may not be the strongest candidate against a tough Republican challenger. A Caroline Kennedy appointment "is fifty-fifty at best," says political consultant Hank Sheinkopf, a spokesman for state senate Democratic...