Word: sided
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...Follow the money. Average Joes and Janes are not the holders of the other side of complicated, over-the-counter derivatives contracts. Rather, hedge funds are the main holders. The bailout will involve a transfer of wealth - from the American people to financial institutions engaging in reckless speculation - that will be the greatest in history...
...takes deposits from their clients, and runs a network of branches," says Antonio Ramirez, analyst at investment bank Keefe, Bruyette & Woods in London. "It's quite simple, quite traditional." Focused on retail banking, with limited investment banking operations, and with a long-buoyant domestic market to lean on, Santander side-stepped the toxic assets caught up in the collapse of the U.S. sub-prime mortgage market. Enjoying "good growth at home, they were never in the need of chasing growth in these kind of exotic instruments," says Ramirez. Santander's strategy - mirrored at rival Spanish lenders - owes much...
Supporting the bill wasn't easy for lawmakers on either side of the aisle. As the deal was being worked out last week, congressional offices were reporting that constituent phone calls were running 100 to 1 against the measure, which was seen across the country as a bailout of the very Wall Street executives whose misjudgment in making and selling bad real estate investments had spawned a credit crisis that threatens to drag down the entire financial system...
Eight years Brown has been waiting for its chance to be on the winning side of a nailbiter against Harvard.In 2004, it was a strong Crimson team that put together a 35-34 comeback victory; in 2005, it was a 38-35 double overtime win; and last year Harvard shut down a potential game-winning drive late in the fourth to take the W, 24-17.But with 1:03 left in the game and Harvard down two with a two-point conversion from the one-and-a-half yard line to go, it was the Bears that finally came up with...
...They’re] absorbing so much pressure like they have at the BC game.” Despite the defense’s efforts, Penn tallied a goal in each half to secure its victory. In the first frame, the Quakers knocked in a cross from the left side of the box 18:14 into the game. In the second half, Mann kept the Crimson in it for a while, but in the 75th minute, Penn scored on a breakaway. Harvard had opportunities of its own, but they came few and far between. In the ninth minute...