Word: doors
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...loans. Those loans are pooled together and then various bonds are sold based on the portfolio. But all the bonds are not the same. They are stacked based on risk. The highest tranche bond gets paid its dividends based on the first loan payments that come in the door. Bonds at the bottom of the stack get paid last, which means those investments are wiped out first if borrowers fail to pay back their loans. Those bonds have the highest risk, and the highest yields...
...Junior Doug Rogers tried to capitalize on the Crimson’s momentum and sped down the center for a clean shot, but Muse got in front of the puck and no Harvard player was at the back door to finish...
...Coraline, the big secret is behind a small locked door. Like Lewis Carroll's Alice and the Narnia children (and, by now, far too many tyke heroes of fairy tales), Coraline goes through the doorway into another realm. It's a long, oddly uterine passage that leads to an apartment exactly like her new home, and with identical parents - except for two things. The weird news: Other Mother and Other Father have buttons for eyes. The better news: these cheerful folks instantly dote on the little girl as if she were the center of their universe. How lovely...
...membership of mostly immigrants, mostly women, mostly people of color, and as upper management likes to say, ‘the lowest on the totem pole,’” Childs said. “If they can beat up on us, it leaves the door open to beat up on anybody.” —Staff writer Danielle J. Kolin can be reached at dkolin@fas.harvard.edu...
...Treasury Department, in its panic over the collapse of banks on Wall Street, rushed to get TARP out the door - no doubt about it. The government didn't require banks to keep track of the money, report how they were spending it or loan it out to free up credit markets. But it's not all bad news. The fact that the special inspector general's office exists is an important sign that the Treasury Department realized the limits of its abilities. Recent and future TARP outlays have a whole new set of stringent reporting requirements. The inspector general...