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...case because the investment banking division can use FDIC-insured funds from the retail-banking division to indirectly finance excessive risk-taking. The retail bank’s customers will not transfer their deposits to a safer institution because they know that the FDIC will compensate them in the event of a bank failure. This moral hazard encourages further mergers between retail and investment banks, which in turn begets more institutions that are “too big to fail.” When excess risk gets a conglomerate bank into trouble, the bill goes to—you guessed...

Author: By Anthony P. Dedousis | Title: Too Big to Fail is Too Big | 11/19/2009 | See Source »

...clubs in Boston and New York City run their own clubhouses, complete with dining rooms, event venues, gyms, and accommodations for out-of-town Harvardians. Boston even has a downtown location in addition to its main clubhouse...

Author: By Nora A. Tufano, CONTRIBUTING WRITER | Title: End of the Old Boys Club | 11/19/2009 | See Source »

...Junior Common Room for a conversation with Hollywood screenwriter Gregory Allen Howard, whose screenwriting credits include “Remember the Titans” and “Ali.” Howard, however, was not here to talk about becoming a successful screenwriter, nor was the event sponsored by Harvardwood. Rather, the Harvard Financial Aid Initiative (HFAI) brought him in to speak about educational equity issues...

Author: By BETH E. BRAITERMAN, CONTRIBUTING WRITER | Title: HFAI’s Priceless Advice | 11/19/2009 | See Source »

Howard talked about his transition from working class Vallejo to the Ivy League. “I felt like I had landed on a spaceship,” he said at the event. “There were these preppies [and] I didn’t even know what a prep school was.” Howard, however, found a passion freshman year: history. And today, as an historical drama writer, he benefits from his education everyday...

Author: By BETH E. BRAITERMAN, CONTRIBUTING WRITER | Title: HFAI’s Priceless Advice | 11/19/2009 | See Source »

...organized the event, can personally attest to Howard’s passion for increasing access to higher education. She met Howard while a student at his high school alma mater. The two maintained a relationship as she went through the college application process. “Greg really believed in me,” she said...

Author: By BETH E. BRAITERMAN, CONTRIBUTING WRITER | Title: HFAI’s Priceless Advice | 11/19/2009 | See Source »

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