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...like other institutions, was making a mint dealing in derivatives tied to the U.S. real estate market. The boom was financed in part by collateralized debt obligations (CDOs), securities based on subprime mortgages that have come to define toxic asset. Companies that held CDOs could offset their risk by buying CDSs from AIG FP. Or they could simply speculate with the instrument. It all worked fine until overbuilding by housing firms and overleveraging by consumers caused the bubble to burst. Which in turn caused the value of CDOs to plunge. Which caused holders of CDSs on such securities to demand...

Author: /time Magazine | Title: How AIG Became Too Big to Fail | 3/19/2009 | See Source »

...According to The Times of London, "The government is pressing ahead with plans to sell a string of state-owned organizations as part of a privatization drive to add ?35 billion to the dwindling public purse." Among the treasures being sold are the Royal Mint and the national mapping agency...

Author: /time Magazine | Title: Will the U.S. Sell Assets As the British Government Did? | 3/16/2009 | See Source »

...constant questions during high school I was trying to figure out was: am I going to pursue music, or am I going to decide to go into academics and drop music?” Tam says between sips of his orange mint hot chocolate...

Author: By Lingbo Li, CRIMSON STAFF WRITER | Title: Doing Double Time | 3/4/2009 | See Source »

...breath mint...

Author: By Lauren J. Vargas, CRIMSON STAFF WRITER | Title: 15 Ways Not to Get the Job | 2/12/2009 | See Source »

...martini for Roosevelt, a Beefeater martini for Kennedy, Madeira wine for founding father George Washington, and now, the Obama Shake for the President-elect. Colored the palest of pinks, this refreshing and frothy drink is served over crushed ice in a wine glass and garnished with a sprig of mint, certainly a dramatic switch from senator-approved honeyed liquors, like scotch. Made with a mix of berries - black-, blue-, straw- and raspberries - the crisp beverage has a kick of fruit vodka and a splash of soda water. The Round Robin is an excellent place to eavesdrop, if you're into...

Author: /time Magazine | Title: A D.C. Club Guide for Inaugural Weekend | 1/17/2009 | See Source »

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