Word: bonding
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Orientation week is a seven-day cocktail party. It's a homework-free romp through the Yard. It's an opportunity to bond with geniuses who got 1600s on their SATs and roommates who snorkle, write award-winning poetry and splice genes in their free time. It's a long, strange trip that's completely forgotten a month later...
...late 1980s, when Wall Street was busy churning out Armani-clad traders and chilling the champagne, a small Texas brokerage house was in the midst of a holier mission. Peddling investments in goodwill, AMI Securities sold more than $250 million in bonds on behalf of American churches between 1986 and 1989. But according to a Securities and Exchange Commission suit filed against the firm last week, the bond offering was no blessing to tens of thousands of unsuspecting investors...
Charging AMI with fraud, the SEC claims that purchasers were duped into believing the bonds were risk-free. The SEC alleges that AMI misrepresented the financial condition of the churches involved, a number of which were so distressed that it was unlikely they'd ever be able to return investments. The suit also claims that AMI guaranteed customers that their money was insured, when in fact the firm had only $2 million to cover more than 100 times that amount in bond sales...
...prime force behind such songs as Hey Jude, The Long and Winding Road, Penny Lane, Eleanor Rigby and Let It Be. Post-Beatles, he was the most successful survivor, with 17 gold albums and hits like Band on the Run, Ebony and Ivory, Say Say Say and the James Bond theme Live and Let Die. McCartney shallow? It depends on whether one wants hummable riffs or Lennonesque angst...
...CIDFA works with banks to provide bond financing and loan pools for young businesses that the city considers promising...