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| Economy |
| HarvardÂ’s Bet on Interest Rate Rise Cost $500 Million to Exit |
| 2009-10-18 |
| Posted by:tipper |
| #3 Hahvahd needs to be sued for gross negligence, malpractice, misrepresentations, malevolence, and malfeasance toward the nation. /channeling Jackie Chiles |
| Posted by: Alaska Paul 2009-10-18 15:36 |
| #2 Small compensation considering what Harvard MBAs have done to America. |
| Posted by: ed 2009-10-18 13:52 |
| #1 Harvard paid $497.6 million to investment banks during the fiscal year ended June 30 to get out of $1.1 billion of interest-rate swaps intended to hedge variable-rate debt for capital projects, the school’s annual report said. Any surprise the same type of deals probably happened to those who drove oil prices up to $140 a barrel last year at this time? When you gamble you lose, but when 'special interests' gamble and lose, they get a 'special' deal. Great not to be the 'little people'. |
| Posted by: Procopius2k 2009-10-18 12:06 |