Word: vaulting
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...long since been removed, so traditional banks such as Citigroup and Bank of America shifted more and more of their lending operations to their investment-banking divisions, and leverage took off. By the end of 2007, many banks were lending $30 for every dollar they had in the vault. "Changing the net-capital rule was an unfortunate misjudgment by the SEC," says former SEC official Lee Pickard. "It's one of the leading contributors to the current financial crisis." (See who else is to blame...
...controls meant the bank needed to carry less capital per loan. The officials also frequently fought regulations that would boost capital requirements for them and other banks. In 1998, BofA asserted that tying capital requirements to credit ratings, which would have required banks to hold more funds in the vault to account for the riskiness of subprime loans, was silly...
...that is unlike anything else,” Saretsky said. “One of the biggest thing we wanted to accomplish was to get our student athletes some experience, get one under the belt. It was really valuable.” Winning the high jump (1.99 meters), pole vault (4.55 meters), and hurdles (8.40 seconds), Chisam sailed to an easy victory in the heptathlon, while freshman Tyler Funk captured eighth in the event. —Staff writer Dixon McPhillips can be reached at fmcphill@fas.harvard.edu...
...Japan could be worth in excess of $5 billion. Yahoo! may decide that it can buy businesses that do more to help its position as a portal and search company. In a poor economy, even good assets will be cheap. Picking up strategic pieces will be easier with a vault full of cash...
...Mashaal's neck with a lethal poison. (Other accounts of the attack suggest Mossad injected the poison into his ear.) The would-be assassins were apprehended, and an outraged King Hussein brokered a deal: their release in exchange for the antidote, which saved Mashaal's life. The attack helped vault Mashaal toward the top of Hamas's leadership structure...