Word: aaas
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According to AAA President Austin Chu '10, the event "subverted" the notion of the asexual Asian male: the dweeb who never gets the girl...
...bizarre coincidence, this cropping up of Asian stereotypes has arrived just in time for Harvard’s Asian American Association to debut its first ever “Mr. Asian Sensation” beauty pageant. On the invitation, the AAA offers all those with a “bad case of that yellow fever” to see “Harvard’s most attractive boys of the Asian Persuasion duke it out for the honor of being the hottest Asian male on campus.” The winner will go on to compete in a Boston...
...investments are made up of the riskiest portions of other bonds, some of which are themselves a collection of other poorly rated mortgage bonds. In a rising real estate market, such risks were deemed acceptable. When it was issued in March 2007, 93% of the Jupiter deal was rated AAA. But when things unwind--and have they ever--any default gets compounded by the chain of linked bonds. The multiplier effect works like this: while 4.4% of the typical loans tied to Jupiter's bonds are in default, nearly 59% of Jupiter's investments are now worthless. Hello, toxic asset...
...with each tranche carrying a probability of how many mortgages in it would pay out to maturity and how many would fail. After these calculations were made, they were sold to banks, brokerage firms, and other financial institutions as high-yield paper. The major credit agencies gave these securities "Aaa" ratings based, in part, on the fact that nationwide home prices had not dropped in any year since The Great Depression. The notion that pools of subprime mortgages could be rated "Aaa" under any circumstance is astonishing. (See who's to blame for the current financial crisis...
Road Rewards. Best Western Rewards members can use their points to buy an AAA membership. Use 12,500 points to join the auto club, which offers free towing and rescues from other travel disasters...