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...Lin’s shot clanged off the front rim, and the Crimson’s last-minute comeback fell short as the Harvard men’s basketball team (14-5, 3-2 Ivy) lost to Princeton (12-5, 3-0 Ivy) by three, 56-53, at Lavietes Pavilion...

Author: By Martin Kessler, CRIMSON STAFF WRITER | Title: Rally Falls Short as Harvard Drops Heartbreaker | 2/6/2010 | See Source »

...write Staying True - and it remains a mystery, since she needs neither the money nor the publicity and she has said she would never run for office - the writing was not done in the heat of anger. She comes off as tough, reasonable and shrewd. Mark comes off as lost rather than evil or profligate. Perhaps her levelheadedness, so vital to him when he was campaigning, became less enticing to him when he was the incumbent. He may find himself needing a campaign manager again. It's hard to imagine many South Carolinian women who read this book being inclined...

Author: /time Magazine | Title: Jenny Sanford Dishes with Dignity in Staying True | 2/5/2010 | See Source »

...years leading up to the financial crisis, Lehman Brothers built up huge positions in real estate, derivatives and bonds. That all came crashing down in the fall of 2008, when the tumbling housing market and rising mortgage defaults caused the credit markets to seize up. In all, Lehman lost more than $32 billion from proprietary trading and principal transactions during the year and a half leading up to the financial crisis and since, according to a TIME analysis of Securities Exchange Commission filings and bankruptcy-court documents. That's nearly double the $18 billion in common equity the firm...

Author: /time Magazine | Title: Is Proprietary Trading Too Wild for Wall Street? | 2/5/2010 | See Source »

...Lehman wasn't alone. Merrill Lynch lost nearly $20 billion on investments in collateralized debt obligations (CDOs). Morgan Stanley had a nearly $4 billion loss in proprietary trading in the fourth quarter of 2007. Goldman Sachs spent $3 billion to bail out one of its hedge funds. And Citigroup has poured more than $3 billion into fixing its problems with structured investment vehicles, investments the bank set up with its own capital. Like Merrill, Citi lost big - as much as $15 billion, on the CDOs it decided to hold rather than sell off. In fact, nearly every large financial firm...

Author: /time Magazine | Title: Is Proprietary Trading Too Wild for Wall Street? | 2/5/2010 | See Source »

Despite the lopsided outcome, the Crimson managed to keep the scores tight within the sets, outscored by just a combined seven points. Harvard lost its first two sets by two points apiece (30-28 and 33-31), before dropping the final...

Author: By Martin Kessler, CRIMSON STAFF WRITER | Title: Winless Streak Extended to Four | 2/5/2010 | See Source »

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