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...question is, Would that be a good thing? Many outside observers have argued that the financial system needs shock treatment, in which the government takes over more banks and forces the entire banking system to flush bad assets from its books. If you priced all bank assets at current market values, the banking system would be insolvent, the reasoning goes, so make them take the hit and then press restart. Those with actual banking experience, though, tend to be dubious about market pricing and counsel patience. "The banks have a lot of practice at working out troubled assets, and most...

Author: /time Magazine | Title: Hooray for Boring Banks | 4/23/2009 | See Source »

Daniel Halperin, an HLS professor who specializes in tax policy and non-profit organizations, said that an evaluation of the proper tax treatment for the income would also depend on whether Harvard’s share of the management fees is collected from regularly conducted trade or business, and the reasons why Harvard is making special arrangements with the money managers. He added that resolving these issues conclusively is difficult without access to more detailed information...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: HMC Tax Concerns Aided Federal Inquiries | 4/23/2009 | See Source »

Leff, the visiting HLS professor, said that while he did not have enough understanding of Rose’s specific concerns to make an informed judgment, “a lawyer asked by an auditor about the legal authority for the treatment of a transaction should be able to give at least the legal reasoning under which the treatment is proper...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: HMC Tax Concerns Aided Federal Inquiries | 4/23/2009 | See Source »

...LINDSAY RAJT April 14, 2009 Lindsay Rajt is a manager of the Campaigns Division of People for the Ethical Treatment of Animals...

Author: By Lindsay Rajt | Title: Losing Clothes, Gaining Rights | 4/23/2009 | See Source »

...Rachel L. Wagley ’11, one of the protesters and secretary of the Harvard Republican Club, said policies toward ROTC should not be affected by the military’s treatment of people who are openly...

Author: By Will L. Fletcher, CONTRIBUTING WRITER | Title: Students Push for ROTC Recognition | 4/23/2009 | See Source »

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