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...list of people and institutions to blame for the financial crisis would include credit-rating agencies - the companies that assign letter grades to everything from General Electric's bonds to Malaysia's sovereign debt, indicating the chances that investors will lose money. The CEOs of the three largest agencies - Moody's, Standard and Poor's and Fitch - were assailed by Congress in October for the way their firms made record profits while raising few, if any, red flags about how massively risky mortgage-related securities had become...

Author: /time Magazine | Title: The SEC's Next Challenge: Fixing the Ratings Agencies | 4/15/2009 | See Source »

...Goldman Sachs gambling with government funds? During the first quarter, the investment bank greatly increased the amount of trading risk it takes in the market. Should those wagers go sour, Goldman could lose heavily, and so could taxpayers...

Author: /time Magazine | Title: Goldman's Profits: Gambling with Taxpayer Money? | 4/14/2009 | See Source »

...possibility of big losses at a time when regulators and lawmakers are trying to reduce the dangers of the nation's financial system, not increase them. At the end of the first quarter, Goldman's measure of value-at-risk, which tracks how much the financial firm could lose in one day, rose to $240 million. That was up over $80 from just over a year ago, and it is 10 times the risk the firm used to take on a daily basis at the beginning of the decade. And that may even be understating the amount of risk Goldman...

Author: /time Magazine | Title: Goldman's Profits: Gambling with Taxpayer Money? | 4/14/2009 | See Source »

...thing FlyBy has kind of omitted: The site currently only has seven users.....but you could be next! As Lach claims, “Everyone’s standing around the pool waiting to dive in.” After all, what have you got to lose...

Author: By Jun Li | Title: fasDate.com: The Next Big Thing? | 4/14/2009 | See Source »

...town hall meeting. She said she suspects that for most of the question-and-answer session, individuals will express their fears of impending layoffs. “It will be good for people who aren’t really in a position where they have to possibly lose an odd job or home, to hear the voice of someone who is actually facing that,” Paulsen said. “I think it’s going to be pretty intense.” —Staff writer Esther I. Yi can be reached at estheryi@fas.harvard.edu...

Author: By Bonnie J. Kavoussi and Esther I. Yi, CRIMSON STAFF WRITERSS | Title: Smith To Host Town Hall on FAS Finances | 4/14/2009 | See Source »

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