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...clear that the Citigroup board did not come close to performing its fiduciary responsibility related to risk and that the risk management staff within the company never understood the exotic mortgage-backed paper that the firm was holding. Or, worse, the risk managers may have known what was happening and were afraid to risk their jobs by blowing the whistle...
...protecting the interests of their depositors, shareholders, customers, and employees will be keelhauled. This applies as much to hedge funds which have customers and shareholders of their own as it does to the Bank of America (BAC) which is, under the banking laws already in place, is regulated to within an inch of its life...
...Crimson, as LSU ran away with a comfortable 10-2 victory to sweep the two-game series. The Tigers jumped out to a 3-0 lead in the second, hitting a pair of home runs off Harvard freshman Brent Suter. The Crimson was able to pull to within one when sophomore center fielder Dillon O'Neill lined a two-run single up the middle. But that would be as close as Harvard would come, as LSU scored two runs in the fourth inning and five in the seventh...
...Suter got the start for the Crimson, picking up the win after giving up seven hits over six innings. The left-hander—whose heat was hitting 90 mph on the radar gun—was removed after Centenary pulled to within two runs with three in the seventh. But fellow-freshman Klees came in to seal the victory, pitching three innings of scoreless relief...
...nations acting alone. That is as true of the regulation of global financial markets as it is of the relief of poverty. Climate change cannot be tackled by any one nation, or any group of nations, however rich and powerful they may be; any solution that does not include within its policy parameters India and China is worthless. (Read TIME's special report on The G-20, including an interview with Gordon Brown...