Word: stockings
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...BofA agreed on Jan. 11 to buy Countrywide for about $4 billion in stock, acquiring Countrywide's $1.5 trillion loan portfolio along with its battered reputation and a swamp of lawsuits. You could almost hear the sighs of relief coming from Wall Street - not to mention the Treasury Department and Federal Reserve - that someone had swooped in to prevent the collapse of the nation's largest mortgage lender and whatever else it might pull down in its wake. CreditSights analyst David Hendler called the deal a "rescue bid" that would give the markets some much needed stability. The irresistible headline...
...also constructed a formidable mortgage machine - 1,000 offices in 49 states responsible for 9 million loans worth about $1.5 trillion. Lewis had to figure out whether acquiring it would be worth the legal heartburn, including a shareholders' lawsuit accusing Countrywide's board of improperly helping company executives buy stock. (The Securities and Exchange Commission is investigating Mozilo's trading activity in Countrywide stock.) In California, some borrowers allege that Countrywide lenders steered them into subprime loans even though they could have qualified for better terms. And the city of Cleveland is suing Countrywide, among other lenders, to recover "public...
...together in a big room and start making big piles and sorting students according to who their TF is,” said Michael J. Kessler, the assistant head TF for the course. “It has a certain kind of stock market feel...
...Advising Programs Office (APO) will be two years old this February, and we are now taking stock of our programs to begin to chart future directions. I would like to thank the many students, faculty, administrators, and alumni who have shared their ideas with us. Some of you continue to advise and assist us on all aspects of our work. It is only through the contributions of others that the APO can develop and continually improve undergraduate advising, and sharpen our vision of what it is and should...
...remarkable exercise in popular democracy. Think of some of the stories that have already been told this year: the Evangelical community, tired of being courted and then ignored by smoother Republican candidates, turning out in Iowa to support Mike Huckabee, a man who is authentically of their stock, even if the party establishment thought him a lightweight; the thousands of college students who have seen in Barack Obama someone who speaks to their, and not their parents', concerns; the women in New Hampshire who rescued Hillary Clinton's no-longer-inevitable march to the White House; the men and women...