Word: junkiest
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...weeks ago, in one of the largest claims ever against a mutual fund operator, officials in New York and Massachusetts filed fraud charges against First Investors (assets: $3.5 billion) and a total of seven of its top executives. At least five other states may follow suit. "These were the junkiest of the junk bonds, yet investors who asked specific questions about them were lied to," says New York Attorney General Robert Abrams. "We've handled many fraud cases before, but nothing approaches the scale of what we see here. This is heartrending...
...have a spare $50,000 or $500,000, that's a mortgage you might want to make. It matches the yield on all but the junkiest junk bonds and, if you're careful, entails a lot less risk. Such deals are widely available. There are borrowers who can offer good security but, for whatever reason, can't get a conventional loan, or can't get it as fast as they need...
Reynolds is an ingratiating actor who, because he's fun to watch, can save even the junkiest movie. On the other hand, I can always count on Eastwood to be depressingly tight-lipped and humorless...
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