Word: tiede
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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...
Freddie lost $1 billion more on bonds tied to short-term loans made to Lehman Brothers. Like Lehman, that investment went belly up. Then there are all the houses it has to repossess as people stop paying their mortgages. The company now owns about 30,000 homes. Maintaining these houses...
AIG is turning out to be the most cumbersome and embarrassing of the government's neighborhood improvement projects. Word made it out recently that employees in the division that caused most of AIG's losses would be getting $450 million in bonuses. Some of the media put the number lower...
Being by the sea took on special significance for particular widows. A life based on the rhythm of the tides meant a life slowed by long periods of waiting. Their husbands were as tied by the ocean as by their marriage—they were fishermen, boat mechanics, salt miners...
The Harvard men’s volleyball team met defeat and victory this weekend with a loss at Princeton and a win at East Stroudsburg. The team, which has struggled on the road, gained its first road win of the season with the 3-0 victory over East Stroudsburg (4...