Word: nettings
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When will the red ink at Freddie stop? It's hard to say. In its most recent annual report, the company said that if it had to mark all its assets to the price similar bonds are trading for in the market, the company's net worth would sink by an additional $65 billion. But Freddie's bottom-line woes may run even deeper. Freddie has $38 billion in losses it has yet to acknowledge in its investment portfolio. The firm also has $48 billion in nonperforming loans that it either holds or has guaranteed against. In a painful stroke...
Alternatively, if hedge funds hold significant positions, then it is possible for the banking industry as a whole to net a loss on swaps. That loss would be the hedge funds' gain. This means the bailout is ultimately saving the hedge funds...
...Smith scored a team-high four goals in the game to go along with her three steals. Freshman Shannon Purcell and MacLaughlin each recorded a hat trick in the high-scoring affair. MacLaughlin also drew two ejections. Freshman Ita Barton-Kettleborough scored twice, and junior Kelly Peeler found the net once.HARTWICK 16, HARVARD 10The Crimson seniors on the team entered the game looking for their first victory over the conference powerhouse, as the squad has gone 0-15 against the Hawks since 2004.“Hartwick has been the perennial Northern Division champion, so obviously you want to stick...
...Cohen and Fehr capped off the scoring streak for Harvard in the final period, each player finding the back of the net one more time before the end of the game...
...just threw it away.” Harvard sophomore Jess Halpern once again led her team with three goals, while senior Sarah Bancroft and Martin registered two scores each, but they could not match Brown’s total team effort. Eight different Bears found the back of the net, paced by senior Jesse Nunn, who had a game-high four goals as well as an assist. Coming off a heartbreaking overtime loss to No. 13 New Hampshire last Wednesday, the Crimson might have suffered a mental letdown in its league opener. “We didn?...