Word: loss
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...like AIG, Freddie has had to go back to the government a number of times with cup in hand. The mortgage giant has already received $14 billion in government aid. After a fourth-quarter loss of $24 billion, the company said it needed an additional $31 billion from the government to keep the lights...
Alternatively, if hedge funds hold significant positions, then it is possible for the banking industry as a whole to net a loss on swaps. That loss would be the hedge funds' gain. This means the bailout is ultimately saving the hedge funds...
...problem with keeping the swaps on the banks' books is that their potential payoff or loss is random, depending on the particular details of the contract and various outcomes in the world. Moreover, banks today are risk-averse and often factor worst-case scenarios into current pricing. Thus, they are far more likely to claim losses than profits on such instruments...
...ourselves in,” Blackwell said. “If we respond by trying to blend in, we lose.” Blackwell targeted Republicans who had “campaigned like Ronald Reagan and governed like Jimmy Carter,” as the primary reason for the loss of confidence in the political right. He encouraged a return to an ideology of faith, free-market Capitalism, and individual liberty. Blackwell framed his speech in the context of a growing threat to the American way of life. He called the Democratic Party’s current initiatives...
...CWPA) and the New York Athletic Club (NYAC) on Saturday. The Crimson (4-6, 0-1 CWPA) dropped a shootout to NYAC, losing 17-16 in the non-NCAA match. Earlier in the day, Harvard could not prevent the Hawks’ offensive attack, suffering a 16-10 loss.“I feel like we have some things that we need to work on as a team as to how we handle adversity,” MacLaughlin said.The Crimson was missing freshman center and offensive contributor Devan Kennifer, who was nursing a sore elbow. Without Kennifer in the pool...