Word: messes
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...lose money and is now part of the government, the likelihood that it will have to pay taxes anytime soon is probably nil. Add up all those items, and it becomes apparent that the government will probably spend more than $100 billion in additional funds cleaning up the mess at Freddie...
...there's a true insight into this mess if you just step back and consider the bigger picture, not just AIG. Regardless of the details of the various swap contracts, they all represent potential transfers of wealth between financial institutions. If we consolidated the entire financial sector, all these debts would effectively vanish...
...have to wrestle with those problems. Entrepreneurs like Sleaford, even in hard-hit Florida, are setting up shop with completely clean balance sheets. They've got millions of dollars in fresh capital to write loans - and to pursue borrowers cast aside by banks focused on mopping up the mess from the years of excess. "New banks see people having a tough time getting loans, plus their funding costs are cheap since rates are low and they pay next to nothing for deposits," says Richard Sylla, an economist at New York University's Stern School of Business. "There's a profit...
...Harvard Viswanathans: We didn’t steal your playbook, we “internalized” it. Why mess with success...
Dining Hall: Abysmal. Leverett’s dining hall could have just been quietly mediocre, but they insisted on throwing up that mess of a painting that someone, at some point, thought was good “modern art.” And have you seen the windows? Those are definitely jail cell bars on them. And while the food is quite good and the guys at the grill are speedy and friendly, don’t count on brain break—Lev Dhall is notorious for being flooded with hungry physics nerds at night...