Word: bondses
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Joltin' Joe. Blue Jay Joe Carter is still hampered by a right thumb that was broken in spring training and remains so sore he can't open his car door with it, yet he set a major league record for the most RBIs in April, with 31, surpassing the old...
Jett generated "phantom profits" by deceptively trading the "strips" of government bonds, serving to boost his performance-based salary to $9 million last year. In his acceptance speech for Kidder's "chairman's award," Jett preached a belligerent philosophy: "This is war. You do anything to win. You make money...
While the brave new world of derivatives gives investors and regulators pause to consider the consequences of the proliferation of these little-understood instruments, their use as a vehicle for risk transference is well documented. Investors are risk averse. They require a market rate of return for the risk they...
Obsession contains a wealth of fascinating shop talk about the garment industry: endlessly fluctuating deals, shifting alliances and enmities, financial escapades of the riskiest sort. Klein has endured his share of rough times, especially when, with the help of Michael Milken, he issued some junk bonds. Only the generosity of...
The scam involved "forward contracts" that called for the exchange at a later of interest strips for bonds.