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Moreover, investors and banks that hold credit-default swaps do not necessarily own the tranches of mortgages and bonds that the CDSs insure. AIG may have even written multiple swaps over the same mortgages and bonds. It would be as if an insurance company had sold earthquake insurance on one house to multiple investors. When the house falls, so does...

Author: /time Magazine | Title: The Case for Letting AIG Fail | 3/16/2009 | See Source »

...Tigers then took control of the game, posting five-straight points to make it 14-9. Harvard trailed the Tigers for the rest of the stanza, but consecutive kills brought the Crimson within two at 19-17. The Tigers were able to hold on to the set, winning it 30-22. “We trailed them for most of the match, but we were always close,” junior Soren Rosier said. “Each set really came down to a couple of breakaway points.” Princeton opened up the second set with...

Author: By Evan Kendall, CRIMSON STAFF WRITER | Title: Crimson Picks up First Road Win in Split | 3/15/2009 | See Source »

...really set the tone for the rest of the season. “The spring season is really only a month long, so that win is really important in determining the rest of the season.” Coming off a championship season, the squad looks to hold onto to the top spot until the Ivy Championships. “We are really looking to remain competitive,” Balmert said. “Last season was good, but we are confident that we can do just as well this year and this match is a great start...

Author: By Evan Kendall, CRIMSON STAFF WRITER | Title: Victory Kicks Off Season | 3/15/2009 | See Source »

...them, there has to be enough evidence to either hold them on warrants or charge them under Iraqi law. Otherwise the new U.S-Iraqi security pact that came into effect in January demands that they be released. "Before, if we felt that we had a good basis to believe the individual was an imperative risk to the security of Iraq, that was good enough," says Quantock. "After 1 January [of this year], it is not." (See pictures from inside Guantanamo...

Author: /time Magazine | Title: In the Waterfront: The U.S. Prison for Iraq's Worst | 3/15/2009 | See Source »

...workshop, Flyby decided to ask Jen if anybody ever criticized him for being too smooth. He said, “People always hold you back. Especially because it makes them uncomfortable to have a change even if they know it’s better for them. If you know what’s good for you, and it could potentially make you feel happy, just ignore everyone else...

Author: By Michelle L. Quach | Title: Six Steps to Better Self-Confidence | 3/14/2009 | See Source »

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