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Union Jack: Of mortgages and MSBers
It was easy for people like me—freshmen, liberal arts majors—to ignore 2007’s rumbles of a subprime mortgage meltdown. I barely blinked in December when Bear Stearns, one of the largest underwriters of mortgage bonds in the nation, announced losses of $854 million. But for Georgetown students readying themselves to enter the banking and finance job market this fall or next, these economic tremors are making the employment search an uncertain task.