Word: jump
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...Bank of America has lost $200 billion. Since GE's financial services business is not the majority of its revenue, the destruction of it market value seems extreme. Balance sheet jockeys would say that the trouble the market fears is hidden within GE's asset base and will jump out to eviscerate earnings soon. So far there is no sign that GE will implode because of the state of its financial services receivables or its debt...
...certain assets simply stop functioning, and relying on market prices to determine the health of banks would simply mean succumbing to the panic. Then again, relying on bank executives to accurately price their own assets is no good either. Treasury Secretary Tim Geithner hopes to get around this by jump-starting a market for troubled mortgage securities, but he hasn't decided yet how exactly to do that. For the moment, determining the health of banks remains a government judgment call...
...kids had a lot of jump and they were certainly ready to go,” Crimson coach Katey Stone said. “They wanted to dictate play right from the beginning and they...
Lauterbach will be lecturing tonight at 6 p.m. in the Thompson Room of the Barker Center. Preview her verse—and analysis of what makes bad poetry bad— after the jump...
...That’s when the Crimson took advantage of the fortunate opening. With the league title on the line, Harvard clobbered St. Lawrence, 4-0, and Clarkson, 6-1, to jump from third to first in just over a week and prove that it’s the team to beat in the conference playoffs...