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...Freddie's portfolio of [mortgage] insurance is more risky than the market was led to believe," says Paul Miller, an analyst at FBR Capital Markets. Sister company Fannie Mae lost even more last year, with $58.7 billion of red ink. But Fannie was better capitalized than Freddie going into the credit crunch. So even though Freddie by many measures is smaller than Fannie, the problems at Freddie will probably end up costing more...

Author: /time Magazine | Title: Freddie Mac: Government's New Black Hole? | 3/17/2009 | See Source »

Friedrich assumes a post similar to the one formerly held by Paul J. McLoughlin II, who was promoted to the position of Assistant Dean of Harvard College and Senior Aide to the Dean of Harvard College last September...

Author: By Lauren D. Kiel, CRIMSON STAFF WRITER | Title: SOCH Manager Moves to University Hall | 3/17/2009 | See Source »

...marginalized within the church. I had priests tell me that their superiors belittled the fact that they were exorcists. Interestingly, though, the newer generation of priests are more responsive to the reality of the devil, and a lot of that has to do with the fact that John Paul II was and Pope Benedict XVI is a little more conservative, so the younger seminarians are a little less apt to ridicule. The older priests of Father Gary's generation didn't want to talk about...

Author: /time Magazine | Title: The Story of a Modern-Day Exorcist | 3/16/2009 | See Source »

...expect no respite from controversy. On Wednesday, for example, Paul E. Kanjorski, chairman of the House Financial Services Subcommittee on Capital Markets, Insurance and Government-Sponsored Enterprises, will hold a hearing likely to raise even more questions about the company. In a statement, Kanjorski said, "Unfortunately, taxpayers do not understand how AIG ended up in such a terrible situation, nor do they understand why the Federal Government continues to give it money." It was not clear whether AIG executives would attend the hearing...

Author: /time Magazine | Title: Obama's Challenge: Containing the AIG Bonus Outrage | 3/16/2009 | See Source »

Twin Cities Connection. Southwest Airlines has extended service to Minneapolis-St. Paul, with eight daily flights to Chicago's Midway, where you can pick up connecting service to other destinations, including San Francisco, Denver and Philadelphia...

Author: /time Magazine | Title: Unemployment Special: Travel Steals and Freebies | 3/16/2009 | See Source »

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