Management Education on the Fly (BusinessWeek)

BusinessWeek – Who got us into this mess? It’s not just greedy mortgage lenders and irresponsible economists who are responsible for the current financial crisis. Leaders, so called, have played a role too, by not managing their companies and so being detached from what was going on in them. And behind much of this has been an educational process that encouraged such detachment. As I’ve argued at length in my book, Managers not MBAs, the MBA is fine education — but in the functions of business, not the exercise of managing. …

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Trustee sues ex-Thornburg Mortgage execs for theft (Reuters)

Reuters – Four top executives of Thornburg Mortgage improperly paid themselves handsome bonuses just before the mortgage lender filed for bankruptcy last year, and stole money and ideas from Thornburg to secretly launch a new firm, the bankruptcy trustee in charge of liquidating the lender alleged in a lawsuit.

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Freddie Mac prices $5.5 billion in 3-year notes (AP)

AP – Government-owned mortgage finance company Freddie Mac on Wednesday priced $5.5 billion in three-year reference notes.

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Freddie Mac prices $5.5 billion in 3-year notes (AP)

AP – Government-owned mortgage finance company Freddie Mac on Wednesday priced $5.5 billion in three-year reference notes.

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Freddie Mac prices $5.5 billion in 3-year notes (AP)

AP – Government-owned mortgage finance company Freddie Mac on Wednesday priced $5.5 billion in three-year reference notes.

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FDIC seen stepping up sales of failed bank assets (Reuters)

Reuters – The U.S. Federal Deposit Insurance Corp is expected to offer $3.8 billion of guaranteed securitizations backed by the residential mortgage assets of failed banks, market sources said on Tuesday.

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FDIC seen stepping up sales of failed bank assets (Reuters)

Reuters – The U.S. Federal Deposit Insurance Corp is expected to offer $3.8 billion of guaranteed securitizations backed by the residential mortgage assets of failed banks, market sources said on Tuesday.

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FDIC seen stepping up sales of failed bank assets (Reuters)

Reuters – The U.S. Federal Deposit Insurance Corp is expected to offer $3.8 billion of guaranteed securitizations backed by the residential mortgage assets of failed banks, market sources said on Tuesday.

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Consumer group sues insurer over policy changes (AP)

FILE - In this Oct. 27, 2003 file photo, employees enter the headquarters of Anthem Inc. in Indianapolis. Anthem Blue Cross, a subsidiary of WellPoint Inc., has been under fire for a week from regulators and politicians for notifying some of its 800,000 individual policyholders in California that it plans to raise rates by up to 39 percent March 1. A consumer watchdog group filed a lawsuit Monday March 1, 2010, against California's largest for-profit health insurer Anthem Blue Cross, on behalf of policyholders, claiming they were pushed to take coverage with fewer benefits and higher deductibles.  (AP Photo/Darron Cummings, File)AP – Mary Feller’s family of three spends nearly $25,000 a year on health insurance premiums, which is more than they pay on their home’s mortgage in California’s Marin County.

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Consumer group sues insurer over policy changes (AP)

FILE - In this Oct. 27, 2003 file photo, employees enter the headquarters of Anthem Inc. in Indianapolis. Anthem Blue Cross, a subsidiary of WellPoint Inc., has been under fire for a week from regulators and politicians for notifying some of its 800,000 individual policyholders in California that it plans to raise rates by up to 39 percent March 1. A consumer watchdog group filed a lawsuit Monday March 1, 2010, against California's largest for-profit health insurer Anthem Blue Cross, on behalf of policyholders, claiming they were pushed to take coverage with fewer benefits and higher deductibles.  (AP Photo/Darron Cummings, File)AP – Mary Feller’s family of three spends nearly $25,000 a year on health insurance premiums, which is more than they pay on their home’s mortgage in California’s Marin County.

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