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...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 originally envisioned, and some argue that competition among clearinghouses has led to a “race to the bottom” whereby the clearinghouses require insufficient collateral from the SWIFTs they deal with. The Houston Power House is said to have large, uncollateralized exposures with Magna-SWIFT, and observers estimate...

Author: By Jeremy C. Stein | Title: The Next Financial Crisis | 5/27/2010 | See Source »

...Estrich, Dukakis’s campaign manager in 1988, the Willie Horton scandal then became a “surrogate for the question of values” in the election, an instrument for determining whether one was “on the side of the criminal or the victim of the crime...

Author: By James K. Mcauley, CRIMSON STAFF WRITER | Title: Michael S. Dukakis | 5/27/2010 | See Source »

...upcoming fundraising drive will provide Faust with a tangible opportunity—and a duty—to articulate a vision for the University and to revive the initiatives that have fallen victim to financial pressures...

Author: By Elias J. Groll and Noah S. Rayman, CRIMSON STAFF WRITERS | Title: A Blank Slate | 5/27/2010 | See Source »

...Victims of extraordinary rendition—the practice of kidnapping and transporting people to countries where they were tortured in secret without even being charged with a crime—have initiated lawsuits challenging well-documented and horrific abuses. But Obama’s Justice Department is arguing the same "state secrets" privilege the Bush Administration employed to have entire cases thrown out. As a result, not a single innocent victim of the torture program has had his day in court. Much of the conduct at issue—like the participation of the Boeing subsidiary Jeppesen DataPlan...

Author: By Susan N. Herman | Title: Change We Can Believe In? | 5/27/2010 | See Source »

...remains unclear how Cosby, the soon-to-be-victim who has since been linked to the campus drug trade, entered Kirkland House. One possibility is that he followed a student who swiped into the Harvard dormitory, a practice often called “piggybacking...

Author: By Eric P. Newcomer and Naveen N. Srivatsa, CRIMSON STAFF WRITERS | Title: A Silent Aftermath | 5/27/2010 | See Source »

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