Word: stanley
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...Treasury Secretary Timothy Geithner--head of the New York Fed when the e-mails were sent--was called to testify Jan. 27 on Capitol Hill, along with his Treasury predecessor Henry Paulson. At issue: the use of taxpayer money to cover AIG's debts to Goldman Sachs, Morgan Stanley and other Wall Street firms. Both men defended the "backdoor bailout" and denied any involvement in the alleged attempt to hide the details of payments...
...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 has poured more than $3 billion into fixing its problems with structured investment vehicles, investments the bank set up with its own capital. Like Merrill, Citi lost big - as much as $15 billion, on the CDOs it decided to hold rather than sell off. In fact, nearly every large financial firm...
...number of financial firms, including Citigroup, JPMorgan and Morgan Stanley, say they have already exited proprietary trading, or at least limited their activities in that area dramatically. Goldman Sachs says proprietary trading makes up less than 10% of the firm's revenue. But many observers say the trading these firms do for their own accounts is much larger than they...
Lowell House general cook Stanley A. Ewing said he thinks these new restrictions will only delay the mealtime rush. He said that limiting interhouse diners to one guest per resident until 6:45 p.m. will only cause the large influx of students to come in later...
After his most recent trip to Islamabad, I asked Gates how he could consider Pakistani officials who support Haqqani's network as allies. "It's frustrating," he said, then went quiet. I suggested that his silence said a lot. (See pictures of Gen. Stanley McChrystal in Afghanistan...