Word: bondses
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As for the threat of a default on the national debt, that was really more about spin than substance. The G.O.P. had long intended to use the need to lift the debt ceiling to gain leverage in budget negotiations; the Administration had an equal interest in casting the Republicans as...
President Clinton and the Republican congressional leadership met behind closed White House doors to discuss how to bridge their differences over the G.O.P.'s seven-year balanced-budget plan, which includes large tax cuts and a Medicare overhaul. In an unsurprising development, no agreement was reached--not on the budget...
When Buchanan barks that it isn't fair for "corporate chieftains" to get rich even as the wages of their workers stagnate, he seems to know what Mitchell and the 80 others in the audience are going through. They nod in approval when Buchanan slams President Clinton for lending billions...
Well, almost every investor. Last year Steinhardt hit a speed bump, as did most other big hedge funds like George Soros' Quantum Group and Julian Robertson's Tiger Management. Neither however, suffered as badly as Steinhardt's funds, which lost 29% of their value during 1994, owing largely to the...
Toshide Iguchi, the former Daiwa Bank bond trader at the center of $1.1 billion in losses, stunned a Manhattan courtroom today by accusing at least two senior Daiwa managers of urging him to continue a coverup as recently as a month ago. "This just keeps getting worse and worse," says...