Word: majors
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...These pools were cut into tranches with each tranche carrying a probability of how many mortgages in it would pay out to maturity and how many would fail. After these calculations were made, they were sold to banks, brokerage firms, and other financial institutions as high-yield paper. The major credit agencies gave these securities "Aaa" ratings based, in part, on the fact that nationwide home prices had not dropped in any year since The Great Depression. The notion that pools of subprime mortgages could be rated "Aaa" under any circumstance is astonishing. (See who's to blame...
Freeman, the founding director of the Law School’s environmental law program and one of Dean Elena Kagan’s prominent hires, is another major loss among the ranks of the school’s top professors...
...Besides representing one of the administration’s first major moves to rein in its Allston ambitions, the new plan would have repercussions for departments outside SCRB...
Wait, he chases your wife around the house? Last Saturday he jumped on her leg and tore her pants a little bit, so I had to put the groundhog away and kind of comfort the wife and take her out to dinner. Nothing major, just stuff like that. His new thing is that he pulls lamps off of tables...
...most part, however, Iraqis have considered the election a success so far. No major violence broke out, and the complaints seemed no more serious than the inevitable problems that occur when millions of people cast ballots all at once anywhere, including in the U.S., much less in a fragile new democracy like Iraq...