Word: borrowings
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Dates: during 2000-2009
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Looking the other way while clients manipulated the shares of small companies through what's known as naked short selling appears to have been yet another questionable way of doing business at Refco. Short selling is legal: you borrow stock, then sell it and hope to buy it back at a lower price, profiting from the difference. But naked short selling is illegal, barring certain exceptions for brokers trying to maintain an orderly market. In naked short selling, you execute the sale without borrowing the stock. The SEC noted in a report last year the "pervasiveness" of the practice. When...
...most liberal HoCo budgets,” this change will remove the former reimbursement process that many Houses found hard to handle. Mather House HoCo Co-Chair Jessica L. Jones ’06 told the council that ommittee members had to charge purchases on personal credit cards or borrow from House Masters in order to make payments up front. She added that Mather HoCo’s annual budget usually amounts to $30,000. Glazer said the change was a result of working closely with HoCos and listening to their feedback. Fang said the HoCos will...
...metal-faced stage persona. Danger Mouse became a hip-hop household name through his unauthorized mash-up project “The Gray Album” (a mixture of Jay-Z’s Black Album and the Beatles’ White Album). Many Adult Swim cartoons borrow liberally from past Hanna-Barbara productions (Aqualab and Space Ghost, in particular). In this way, collaboration between the three is a match made in mixed media heaven...
...borrow a word from Lowell’s volume, Carson is the difficult “paramour” who returns now, five years overdue. Her style, though unsettling and unseen for half a decade except in a few journals, becomes familiar as “Decreation” unfolds in lamentable seriousness, producing a book that intimates its few faults and overwhelms all of its readers’ objections...
...Hufstedler, lack of equipment is another common hurdle that new groups must leap: “Most starting bands either don’t have equipment or don’t have equipment here.” The group hopes to own a set of equipment that could be borrowed as a band gets on its feet. CARAR says it recognizes that the real difficulty is in cornering the funds to purchase communal amps and a drum kit. Their solution here is once again networking; if the younger musicians are all friends with their elders, the hopeful logic follows, they...