Word: armfuls
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Another such problematic comment came in 2004, when he pointed out that many borrowers could save money by taking out adjustable-rate mortgages (ARMS). Many borrowers did save money with ARMs, and the idea that a few words from Greenspan at a credit-union meeting persuaded millions of others to take out teaser-rate loans they couldn't afford stretches belief. But with ARM-related defaults on the rise, it doesn't look good...
...families of the soldiers claiming that the contractors were in violation of multiple laws, four contracting firms were named: Aviation Worldwide Services LLC, Presidential Airways Inc., STI Aviation Inc., and Air Quest Inc. According to the report, these are all subsidiaries of the Prince Group, the military contracting arm of which is Blackwater USA.Given that Blackwater employees have a history of disregard for the law and an overly aggressive stance when performing their jobs abroad, it is disappointing—yet not surprising—to learn from The New York Times that the United States government has not clarified...
...Northern Rock's problem: Its modest savings business compared to its mortgage lending arm means it leans on those wholesale credit markets for a larger share of its funding than its rivals. With that well drying up, it "hits them disproportionately," says Alex Potter, an analyst at Collins Stewart in London...
...this aside, a course on the tactics of military victory does not have a place in Harvard’s curriculum any more than a course on corporate accounting or marketing. Courses that arm students for a particular profession, be it managing portfolios or planning sorties, don’t conform to Harvard’s liberal arts philosophy...
...German, French and Dutch institutions have already come unstuck through exposure to the subprime debts. Northern Rock's problem: Its modest savings business compared to its mortgage lending arm means it leans on wholesale credit markets for a larger share of its funding than its rivals. With that well drying up, it "hits them disproportionately," says Alex Potter, an analyst at Collins Stewart in London...