Word: defaulters
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Dates: during 1990-1999
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...Milken first peddled junk for small and medium-size companies whose weak credit ratings kept them from issuing bonds that paid lower interest rates. When investors snapped up the junk, Milken expanded the market for his new securities. The tireless promoter argued that the risk of a junk-bond default was scarcely greater than the risk for blue-chip corporate bonds. Since junk securities paid interest rates about six percentage points higher than conventional bonds, Milken found many high rollers willing to buy them...
Eric Rainer (9) won by default. Crimson, 28-18 at Malkin Athletic Center...
...match stood, with Harvard up by four, the Crimson couldn't afford to lose six points for a default. Peckham, Smith and the referees debated until Cooper finally signed a waiver, releasing Smith from any responsibility, and the bout began...
...Christmas buying season brought little cheer to corporate raider and would-be retailing tycoon Robert Campeau. Citibank notified his Allied and , Federated stores, owners of Bloomingdale's and Abraham & Straus, that the bank might formally place loans totaling $2.3 billion in default as early as Jan. 10. Many Campeau suppliers and investors concluded that the chains would soon be forced to seek Chapter 11 bankruptcy. "You would have to be out of your mind to ship to either of these companies under current conditions," said one supplier...