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...insured banks against losses on loans backed by mortgage securities - began on Greenberg's watch. But he is likely to argue that only after his ouster in March 2005 did the company's troubled FP unit fail to put up sufficient collateral to cover potential losses from the increasing number of loans backed by subprime mortgages. "You want to make sure you don't have any unexpected surprises down the road," he told TIME in a recent interview...
...list presented to GM by the President's auto task force is stark and steep: shrink labor costs, including retiree health-care expenses; slash debt; kill or sell low-performing brands; and reduce the number of models for sale and the number of dealers selling them. Should GM, the United Auto Workers (UAW) and the company's bondholders fail to figure out how to execute those tasks by June 1, the government will usher GM into bankruptcy, which could lead to its breakup into "good" and "bad" subsidiaries. The bad would be sold for parts...
...With the exception of a certain number of perverts who sneak in, there is nothing wrong with social networks, but marketers don't want the perverts and they don't want a collection of people with no common purpose other than to share with one another...
...fairs. Only six events were held for the entire Boston area in the same year. In total, 1,000 CIA recruiting events were held across the country last year. Deb Carroll, assistant director of the Office of Career Services for employer relations, said that “the number of students who attend these events has been significant.” She added that the CIA was getting more attention at the Career Forum this fall than it did two to three years ago. “We are always received very warmly by Harvard,” said Harf...
...they must reduce their financial-aid programs, universities should be proactive in guiding students toward alternative funding sources, such as private scholarships or government aid. Under the new administration’s budget, students will also be able to take out bigger federally sponsored Perkins loans. The number of colleges whose students are eligible for this loan will increase from 1,800 to 4,000. Admittedly, these proposed benefits will not be available until July 2010, but they will still help...