Word: weres
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These losses were the first in the history of the SWIFTS, and they had a powerful effect. Creditors of other SWIFTs, awakened to the risks involved, began to refuse to roll over short-term loans. This has led to further liquidations, bigger fire-sale discounts, and a cascading effect. To...
The clearinghouse industry has been another victim of the crisis. Clearinghouses grew rapidly in the wake of 2010 reforms that targeted the over-the-counter derivatives market. Clearinghouses were meant to bring a greater level of stability and transparency to derivatives trading. But this industry has become more fragmented than...
Harvard’s hurlers were led by sophomore southpaw Brent Suter, who posted an Ivy-best 4-0 record and 33 strikeouts in 33.0 innings, allowed only seven walks, and was nearly flawless against left-handed batters.
“A lot of them got to see a lot of game time this year and were able to really see how important every single game is,” Albright said.
Fellow fourth-years were also limited by injuries, but returned to help Harvard late in the season.