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...that these new advanced risk controls meant the bank needed to carry less capital per loan. The officials also frequently fought regulations that would boost capital requirements for them and other banks. In 1998, BofA asserted that tying capital requirements to credit ratings, which would have required banks to hold more funds in the vault to account for the riskiness of subprime loans, was silly...
...Alliance will hold a series of three meetings next week—on Feb. 3, 4 and 5—to solicit public comment on the proposed restructuring...
...Post that "the problem in Afghanistan is not too much Taliban; it's too little good governance" and warned bluntly that the alliance expects Karzai to do a better job. Vice President Joe Biden visited Kabul shortly before the Inauguration and reportedly warned Karzai that the new Administration would hold his feet to the fire over governance complaints. (See pictures of soldiers in Afghanistan...
...still be early in conference play, the Crimson feels that it must win this weekend in order to contend for its first-ever Ivy League championship.“We really need to focus,” Housman said. “Right now is the time to hold our own court in the Ivy League.” —Staff writer Kevin T. Chen can be reached at ktchen@fas.harvard.edu...
Governor Rod Blagojevich's 47-min. closing statement at his impeachment trial was the only real hiccup in the state senate hearings that had gone very smoothly in his absence. "It's painful to hold your tongue," Blagojevich said of the accusations leveled at him in December. But he insisted that he did not commit a criminal act, adding, "I didn't resign then, and I'm not resigning now." He went on, "You haven't been able to show wrongdoing in this trial," said Blagojevich, who called the proceedings an "improper impeachment not based on evidence" and hinted that...