Word: quarterly
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...like AIG, Freddie has had to go back to the government a number of times with cup in hand. The mortgage giant has already received $14 billion in government aid. After a fourth-quarter loss of $24 billion, the company said it needed an additional $31 billion from the government to keep the lights...
Freddie's business, which in part comes from a government mandate, is insuring mortgages. So when borrowers lose their jobs, as many now are, Freddie is going to lose money. But only a quarter of Freddie's red ink, or about $13 billion, comes from mortgage-insurance woes. The firm took a larger hit from its investment in mortgage-backed securities tied to subprime, adjustable-rate or jumbo mortgages. By law, Freddie isn't allowed to insure against losses on those types of mortgages, in part because they are riskier. But it bought securities tied to those home loans anyway...
...their balloon,” Farrar said.After giving up six goals to Hartwick in the first eight minutes, the Crimson tried to play catch-up for the remainder of the game. “We didn’t defend the shallow end effectively in the first quarter, and that put us in a hole that we never really were able to dig ourselves out of,” Farrar said.The squad cut the lead to 8-5 in the second quarter. The teams traded three goals apiece before the Hawks went...
...second period, the Hawks began to chip away at the Crimson’s lead, but the Crimson carried on its offensive momentum from the first quarter, soon crippling the hopes of a Hartford comeback...
...across the Midwest, with full funding from philanthropists or the schools themselves. Aside from partnerships with high schools in the wealthy New York suburbs of Brewster and Harrison, WilsonDailyPrep also recently signed on to offer discounted online programs at Riverside High School in Yonkers, N.Y., a city where a quarter of people under 18 live below the poverty line, and Columbus High in the Bronx, where students pass through metal detectors on the way to class. "There's a huge priority among educators and private and public schools to be able to get those services to those students who need...