Word: exoticism
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Dates: during 2000-2009
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I heard that you like collecting exotic cars. Do you have a favorite?
Call it the international house of pancaked leverage, built on the proliferation of subprime and exotic mortgages that did away with many of the safeguards built into the classic 30-year fixed rate with a 20% down payment. Riskier loans originally designed for a narrow band of home buyers--interest...
By the time that Libertarian congressman Ron Paul told a cheering crowd at the Iowa Republican straw poll that the 9/11 terrorist attacks might have been prevented if the passengers on the planes had been packing heat, I was beginning to wonder if the event-a goofy affair under the...
One of my indelible memories from my time growing up in London was how my parents schlepped my sister and me on various weekend jaunts around the country and into the European continent. Although the two of us were fairly willing travelers, especially for the more exotic trips, we often...
The statistics show that subprime-caliber borrowers weren't the only takers for those notorious no-money-down, interest-only, adjustable-rate mortgages. Purchasers with high credit scores, who could have qualified for the standard 30-year mortgages, were also enticed by the exotic loans because they offered substantial initial...