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...Miller looked at eight of the largest financial firms in the U.S. and determined that on average, if just 3.4% of their loans go unpaid, their shareholders will be wiped out. The good news is that these firms are so large that 3% of their loan portfolio is a really big number: some $400 billion. The timing of when the loans go bad matters too. If, say, 5% of a bank's loans go bad over 10 years, the bank will survive. It can cover the loan losses with the earnings it gets from all its paying customers. But given...

Author: /time Magazine | Title: Why Your Bank Is Broke | 1/31/2009 | See Source »

...group it all together in toughness—finishing free throws, getting loose balls, blocking out at the free throw line,” Miller said. “For us, it’s all the same. We feel like they were tougher than us today...

Author: By Ted Kirby, CRIMSON STAFF WRITER | Title: Crimson Pipped by Penn in Final Minutes | 1/31/2009 | See Source »

...lead changes, the Quakers (5-10, 1-0 Ivy) took the lead in the final two minutes and held on to it to give the Crimson (9-7, 1-2 Ivy) its second-straight home Ivy loss. Harvard got 14 points and six boards from junior forward Doug Miller and 13 from junior guard Jeremy Lin, but the team was killed by abysmal free throw shooting, hitting just 7-of-16 attempts, including missing the front ends of four one-and-one chances. This came on the heels of a poor game from the foul line in an overtime loss...

Author: By Ted Kirby, CRIMSON STAFF WRITER | Title: Crimson Pipped by Penn in Final Minutes | 1/31/2009 | See Source »

...Quakers ran a perfect play as soon after the ball was passed in, Rosen found a wide-open Eggleston for an easy dunk and a 60-56 lead with 1:07. Tough defense on the other end gave the Crimson no chance to score until Lin found Miller for a lay-up with 38.4 seconds to play...

Author: By Ted Kirby, CRIMSON STAFF WRITER | Title: Crimson Pipped by Penn in Final Minutes | 1/31/2009 | See Source »

...Shooting one-and-one again, the freshman missed the front end, but the ball bounced into the corner near the Penn bench and Eggleston beat Miller to it and called time. Sophomore guard Tyler Bernardini caught the inbounds pass but was gang-corralled and forced to use his team’s last timeout with 22 seconds left...

Author: By Ted Kirby, CRIMSON STAFF WRITER | Title: Crimson Pipped by Penn in Final Minutes | 1/31/2009 | See Source »

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