Article

2009-10-18 Economy

Harvards Bet on Interest Rate Rise Cost $500 Million to Exit

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Posted by tipper 2009-10-18 11:52|| || Front Page|| [3 views ] Top

#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 schoolâs 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|| 2009-10-18 12:06|| Front Page Top

#2 Small compensation considering what Harvard MBAs have done to America.

Posted by ed 2009-10-18 13:52|| 2009-10-18 13:52|| Front Page Top

#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|| 2009-10-18 15:36|| Front Page Top

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