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How/why is this situation different from investors simply losing their money because of bad judgment about what to invest in? Can I get bailed out when my portfolio tanks? It's a variant on the old saw (often attributed to J. Paul Getty, although I'm sure somebody must have said something like it before him): "If you owe the bank $100, that's your problem. If you owe the bank $100 million, that's the bank's problem." Leveraged financial institutions (banks, investment banks, hedge funds) make investments with lots of borrowed money, so when their portfolios tank they...
...messages and interests that span the sciences and computer science,” Reid said. Asked about how the colloquium came about, Reid said that it stemmed from discussions between IIC Director and Applied Physics and Physics professor Efthimios Kaxiras and SEAS Associate Dean for Computer Science and Engineering J. Gregory Morrisett. This semester’s speakers include Alfred A. Rizzi, the lead robotics scientist at Boston Dynamics, and Jennifer T. Chayes, the managing director of the new Microsoft Research New England laboratory in Cambridge. The first seminar on Oct. 8 will be led by Rizzi, who has worked...
...Canada, spoke for a little over an hour in Emerson Hall in an event attended by students from colleges throughout the Boston area. His remarks hit on the current presidential race, the state of the Massachusetts Republican party, and his experience as an ambassador to Canada. HRC President Colin J. Motley ’10 said Cellucci is a “pretty unique political creature” due to his success in Massachusetts politics as a Republican. Cellucci, a spokesman for Senator John McCain’s campaign, began his remarks by talking about the current presidential race...
...Jean J. Baptise, the Cambridge Police Department officer conducting the accident report, said Goldin will be cited for failing to yield, an infraction that carries a minor fine...
...parties together won an unprecedented 29% of the vote in Sept. 28 elections, bringing the far right almost even with the mainstream Social Democratic Party in the Austrian Parliament. The Freedom Party and the breakaway Alliance for the Future of Austria - led by former Freedom Party leader Jörg Haider - managed to double the far right's share of the vote in the two years since the last elections...