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...issue has already hit a fevered pitch and if the first quarter is going to bring another series of multi-billion losses, institutions including Citigroup and Bank of America (BAC) may simply not have the balance sheet strength to remain independent. While having the government seize one or two major banks may ultimately be the key to their survival, the public may instantly suffer a huge loss in its confidence in the rest of the independent banks, brokers, and money managers in the country. There has not been a collapse in confidence in banks since the Depression. While there...
...However, even with Richter’s absence, Carroll found himself in the backup position once again—this time behind freshman goaltender Matt Hoyle. Hoyle has played 1127 minutes this season to Carroll’s 204. But while Hoyle was a major factor in Harvard’s hot start, the Crimson lapsed in the middle of the season, winning only once during a 16-game stretch. During the consolation final of this year’s Beanpot, Carroll finally got his chance. Playing against No. 15 Boston College in front of a sold-out crowd...
...September 2007 in Greenville S.C., on charges of mail fraud, wire fraud, and identity theft, Ed Donovon, a Secret Service spokesman, told the Crimson in an interview in 2008. The Secret Service—best known for defending key government figures—is also charged with investigating major cases of fraud. Donovon said that Reed was put on the Secret Service’s Most Wanted List—a group of eight fugitives—in December 2007. Reed had also attempted to adopt the identity of Bowman ’99, who later graduated from Columbia Medical...
...Alliance, a network of local health institutions, is also expected to benefit from the stimulus, said spokesman David Cecere, who added that his organization was still assessing the detail’s of the bill’s impact. In January, the Health Alliance announced a “major strategic and reconfiguration initiative” to cope with financial difficulties. The federal stimulus package will give Massachusetts anywhere from $1.7 to $3.1 billion in Medicaid funding, according to various reports. This comes as positive news to the Boston Medical Center, a “safety net” hospital...
...time when the United States is gripped by economic uncertainty and faces serious challenges in hot spots around the globe, some American Catholics are finding it both curious and troubling that their church has launched a major campaign against a piece of legislation that doesn't exist and wouldn't have much chance of becoming law even if it did. To many critics, it feels like the legislative equivalent of the dog that didn't bark. (See 25 people to blame for the financial crisis...