Word: pass
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Dates: during 2000-2009
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...bond called Jupiter High-Grade CDO V, and you can understand why we're in trouble. Bankers from the 1970s, when mortgage bonds first took off, would hardly recognize Jupiter. Unlike a traditional bond, Jupiter's underwriter does not buy people's mortgages, collect the payments and pass them on to its investors. Instead, Jupiter holds other mortgage bonds--and not just any. Jupiter's investments are made up of the riskiest portions of other bonds, some of which are themselves a collection of other poorly rated mortgage bonds. In a rising real estate market, such risks were deemed acceptable...
...When Obama said the recently passed stimulus bill contained no earmarks, some erupted in bouts of derisive laughter. When Obama warned of those who make the "same old claims" that rolling back tax breaks for the wealthy is a "massive tax increase on the American people," one Congressman shouted out of turn, "You're right!" A large group of Republicans broke into disruptive cheering when Obama vowed to not pass on to the nation's children a "debt they cannot...
...Club bathrooms, the Harvard Men’s Basketball season, and other activities detrimental to Hope. 1. Harvard must begin with its most shovel-ready projects: holes. For example, with China’s increasing prominence in global commerce, Harvard could benefit from having the only hole that would pass through the center of the earth to China. This measure would greatly boost Harvard’s primary source of income: Asian tourists. Additional diggers could make large holes camouflaged with leaves and twigs to catch Allston’s indigenous bears, which Harvard could then domesticate and train, producing...
...Creep For weeks, Obama has reminded the nation of the fix it's in. He has spoken of the risk of downward "spiral," deepening "crises," potential economic "catastrophe" and the "big challenge" ahead. At the time, such language served a political purpose: to direct public pressure toward Congress to pass the stimulus, while making clear that the problems were inherited. But too much grim talk runs the risk of becoming self-fulfilling. As White House economists will explain, the worst fears of an economic spiral involve a self-perpetuating collapse in consumer confidence that leads to a deflationary spiral: people...
...goal, but was denied by Carroll. Beca went after the rebound and struck it home to give Clarkson a 3-2 advantage. Harvard answered eight minutes later with a counterattack of its own. The rush began when junior Alex Biega dropped to the ice to block a Golden Knight pass. After the Crimson secured possession and made a couple of quick passes, freshman Daniel Moriarty centered the puck to sophomore defenseman Chris Huxley. Huxley wristed a shot past LaVeau to even the score. Despite several chances, neither team could register the game-winner at the end of regulation...