Word: hooks
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Dates: during 2000-2009
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...Citigroup Loan losses: Even after making a government deal, the bank is still on the hook for the first $40 billion in loan losses in the pool it has insured. Citi also has $277 billion in other, nonhousing consumer loans, such as credit cards and student debt. Roubini estimates that about 17% of consumer loans will go unpaid nationwide. That translates into a $47 billion river of red ink. Add in everything else (commercial real estate, corporate loans), and Citigroup will have to swallow $106 billion in loan losses...
...this will mean that people will continue to live in and pay for homes that may never be worth what they initially paid for them. If a house bought for $300,000 in 2005 is now only worth $200,000, the government is not taking the owner off the hook for eventually paying the entire principle even if the house does not reclaim its higher value. That essentially will turn many homeowners into the equivalent of renters, people living in a residence which may have absolutely no ongoing value for them. The difference is that a renter does not have...
...Kenyi gives Harvard the lead with a running hook. HARVARD 10, COLUMBIA...
...seconds: Spin move. Hook. Swish. Uh-oh. HARVARD 59, COLUMBIA...
...came to know so well. Though frustrating, this is emblematic of Kechiche’s storytelling power; the characters resonate with the viewer long after he has swum away. The short glimpse that is caught of these characters’ lives is retained, like the gash of a hook that leaves questions still burning. —Staff writer Anita B. Hofschneider can be reached at hofschn@fas.harvard.edu...