Word: interest
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...that people who took out these loans were given the chance to make ultra-low payments for the first few years - and many of them did exactly that. Borrowers, mostly middle- and upper-class with good credit scores, were allowed to make payments that didn't even cover the interest owed (let alone the principal), with the understanding that payments would spike later on to make up for the shortfall. That allowed people to buy bigger, more expensive houses than they would have been able to qualify for otherwise. Plenty of families banked on rising incomes and an ability...
Partners Healthcare, which owns Harvard-affiliates Mass. General Hospital and Brigham and Women’s Hospital, recently overhauled its conflict of interest policy, which proponents hail as one of the strictest in the nation...
...fall of 2007, Partners Healthcare embarked on a conflict of interest review to better define the relationship between industry and medicine as well as strengthen oversight of physician activity with drug companies...
Conflict of interest issues gained national attention the following year, when Senator Charles E. Grassley, an Iowa Republican and the ranking member of the Senate Finance Committee, alleged that Mass. General psychiatrist Joseph Biederman received $1.6 million in consulting and speaking fees from the makers of drugs that he used to treat children for bipolar disorders...
Harvard Medical School began a review of its own conflict of interest policy in Jan. 2009 in conjunction with Harvard’s currently ongoing efforts to develop University-wide recommendations and guidelines...