Word: harders
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...simply outsourced their risk management," he said. "Rather than undertake their own analysis, they relied on the rating agencies." In other words, the problem is not just the ratings agencies, but the way investors - from Wall Street firms to university endowments - have become mindlessly dependent on them. That is harder...
...solely on its own. During a conference call with analysts and investors, Goldman CFO David Viniar said that most of Goldman's trading profits came from such liquid investments as Treasury bonds and not in the trickier markets for subprime mortgage bonds or credit default swaps, which can be harder to buy and sell. Goldman said it made very little money from CDS contracts it settled with AIG, but declined to comment exactly how its trading profits were generated. A Goldman spokesman said, "By putting the capital on our balance sheet to work we are helping the market to function...
...with or without democratic reform, Cuba is being brought back into the Latin American fold; last year it was invited into the Rio Group, one of the region's major organizations. Still, Erikson adds, most of Latin America has a positive impression of Obama, which will make it harder for the Castros to ignore or even rebuff his overtures. "They recognize that Obama is a genuinely new political phenomenon in the U.S.," says Erikson. "They know he's not as innately hostile to Cuba as [George W.] Bush was, and that means Cuba has to change its tune toward...
...economic crisis unfolds it's getting harder to make the case that the financials of local governments are sound. "We know that there is going to be a number of states that will have problems balancing their budgets," says Diahann Lassus, a financial planner in New Providence...
...take low percentage shots. “I think that’s what hurt us,” Crimson coach John Tillman said. “We may have had more shots, but we didn’t shoot in good areas to make their goalie make some harder saves.” The late-game hole the Crimson dug for itself was in large part a product of a lack of consistent play. Despite flashes of brilliance in both the first and final quarters, Harvard was outscored 6-2 in the middle frames—including...