Word: junks
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...course President Bok would have to guarantee personally that the Harvard Junk Bond Fund Drive would not take over any company that does business with South Africa. Otherwise, Fonda and the Protest Fund Drive would have to come and picket them...
...Junk Bond Fund Drive. Derek Bok could lead a group of aspiring student financiers to Wall Street with enough of Harvard's endowment to buy out the Trump Shuttle. After renaming it the Harvard Shuttle, and promising that it will run on time, they could build a runway behind Soldier's Field...
...loan operating even though the Federal Home Loan Bank Board (FHLBB) in San Francisco had found enough bad loans and shaky business practices to shut it down. After Keating purchased Lincoln in 1984, he switched from investing in safe, single-family mortgages to go-go deals in raw land, junk bonds and huge development projects like the $900-a-night Phoenician Resort in Scottsdale, Ariz...
Still, we're paying for a mountain of foreign goods that will be junk in ten years with land, buildings and the rights to The Three Stooges -- things that are eternal (well, maybe not the buildings). We're like the Manhattan Indians, who had little immediate need for the island and couldn't resist the trinkets...
Many investors, especially short-term speculators, were badly shaken. The biggest losers were Wall Street arbitragers, who make money by buying the stock of takeover targets and selling it at a higher price when the deals go through. The high anxiety about the junk-bond market sent the stocks of takeover targets plunging across the board. "The arbs got their heads handed to them," said Anson Beard, the chief trader for Morgan Stanley. "Very few anticipated that the UAL buyout could fail." Small investors suffered less because they have been less active in the market since the 1987 crash...