Word: mac
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...October, Congress passed a law that said banks who held Fannie Mae and Freddie Mac preferred shares, which were essentially rendered worthless when the government took over the two large mortgage guarantors, can count the loss on that investment as a regular business loss, not an investment loss. The Federal Government has estimated the change will save banks as much as $3 billion in tax payments this year. Improved Tax Break on Foreign Operations...
...this competition has a history, which echoes from the halls of the fourth floor MAC gymnasium to the dusty parquet of the QRAC floor...
...BILLION Purchases of mortgage-backed securities covered by Fannie Mae, Freddie Mac and Ginnie...
...BILLION Purchases of direct debt of Fannie Mae, Freddie Mac and the Federal Home Loan Banks...
...inevitability of this year’s disappointment is prefigured by an enormous body of pep-rally (non-)history. Unlucky weather, New England’s perennial deus ex machina, has played a frequent role. In 1994, a much-ballyhooed bonfire in the MAC quad was rained upon, and went unattended by many of its organizers. Last year, the rally was driven inside the Queen’s Head Pub by rain, where it unfurled as an apparent mixed bag. In 2006, Fun Czar emeritus John T. Drake ’06 cancelled the event—again, because...