Word: took
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Dates: during 2000-2009
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...biggest basket cases - AIG and Citi - got into trouble not because they took risks; they got into trouble because they didn't know they were taking risks. (See the top 10 financial collapses...
...stock-loan department, AIG's other disaster, took the cash it got for lending out stock owned by AIG and invested the money in esoteric securities rather than in risk-free Treasuries, the standard practice. The idea was - I'm not kidding - to make an extra one-fifth of 1% in interest. When the esoterica, which the stock-loan folks thought was riskless, crumbled, so did the firm. (See the worst business deals...
...wiped out because their wealth was tied to their firm's stock price. Dick Fuld, the former CEO of Lehman, had shares and options worth about $1 billion at their peak. He got less than $1 million when he sold them after the firm went bankrupt. (He still took home, before taxes, $490 million from his stock-based compensation, so don't cry for him.) James Cayne, CEO of the defunct Bear Stearns, was in a similar situation. If Fuld and Cayne had known their firms were as badly at risk as they proved to be, don't you think...
...moment I pretended that I wasn’t just a Harvard student, I pretended that I lived in Boston and did things like go to Club Passim instead of finals clubs. That between the essays and midterms and endpapers, I took advantage of the destinations listed in Boston guidebooks. Because I forget sometimes, stuck in the so-called Harvard Bubble, that I am in the midst of so much more, so much history and culture...
Boston College managed to put the ball past the Harvard goalie under a minute later, this time courtesy of Courtney Tavener, who took the pass on the left side of the field and sent it past Tassopoulos. Feole’s second goal came just over a minute later, as the Eagles scored three times in just over two minutes of play...