Word: understands
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...your recent issue featuring Obama, he is portrayed as an all-around person fit for the job of being the next President of the United States. Your articles on McCain were anything but that. He does not get credit for anything that he has accomplished. While I understand there is freedom of the press, there still needs to be freedom of choice. Rivky Levy, BROOKLYN...
...agencies shoveled out about the risk levels of collaterized debt obligations (CDOs), how this new bit of financial wizardry deserved AAA and AA designations even though it rested partly on a foundation of subprime mortgages. It was all justified by super-sophisticated models - way too sophisticated for "you" to understand - that looked back at real estate pricing and foreclosures and couldn't conjure a scenario in which the holders of the most senior parts of these tranches wouldn't get paid...
...While the company's insurance subsidiaries are regulated by New York insurance superintendent Eric Dinallo, it is overseen at the holding company level by the federal Office of Thrift Supervision, which mostly regulates the savings and loan industry. Plus, it was awfully hard for outsiders - and even insiders - to understand the gravity of the company's problems. "You can read through every financial statement in the world and have absolutely no clue as to the risks they are taking," says Leo Tilman, a former Bear Stearns strategist who now runs the advisory firm L.M. Tilman...
...versed in the subject. The main pivot behind the Core Curriculum, as outlined by University President A. Lawrence Lowell was that“every educated person should know a little of everything and something well. Similarly, the goal of General Education is for us students to “understand [our]selves as products of—and participants in—traditions of art, ideas, and values.” These ideals are lofty and laudable. Unfortunately, though, they have proven nearly impossible to achieve in an efficient and well-implemented manner. As such, students have been left instead...
...Alwaleed: No. You have to understand that our involvement in the recapitalization of Citi is a long-term thing. It's not a one-, two-, three-year plan. In January 1991, I was the only investor in Citigroup at that time, with around $600 million. The next year, things didn't go well, but over the next decade, things really boomed dramatically. You have to look at the investment in Citi as a long-term thing...