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The role of proprietary trading - when banks buy and sell investments for their own accounts rather than their clients - and other principal investments in the financial crisis is getting new scrutiny. On Thursday, Feb. 4, the Senate Banking Committee held its second hearing in a week on President Obama's...
And Lehman wasn't alone. Merrill Lynch lost nearly $20 billion on investments in collateralized debt obligations (CDOs). Morgan Stanley had a nearly $4 billion loss in proprietary trading in the fourth quarter of 2007. Goldman Sachs spent $3 billion to bail out one of its hedge funds. And Citigroup...
The tropical-island setting is an important part of the show's appeal. "People here tend to live in their own fantasies, or any world but the real one," says Ghazaleh, a young graduate student from northern Tehran. If escape is not possible - as appears to be the case for...
Perhaps it's just good entertainment. Another secret to Lost's success in the Islamic Republic is that it's family-friendly. Unlike in the U.S., the television in Iran tends to be in its own room, away from the dinner table. Families generally sit together to watch shows - veritable...
Zuma, who likes to celebrate his Zulu ancestry by dancing onstage in leopard skins, is unlikely to care what the rest of the world thinks about the fact that he fathered a child out of wedlock - and so far, that unrepentant African pride has won him admirers across South Africa...