Word: profited
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...Even if a few thousand or a few hundred thousand molecules remain, you can still break it down and get a DNA sequence out of it,” Kolter says. But in spite of the wonders of modern technology, Noyer isn’t looking to profit off of his possessions any time soon. Noyer says of the wine glass, “I think it is probably going to be washed the next time I wash my other wine glasses and it will just go into vocation as a famous wine glass amongst my regular ones...
What is to stop speculators from buying up these bastardized securities for pennies on the dollar anticipating enormous profit when the government buys them at higher rates? The current owners of those securities aren't going to want to sell them for pennies on the dollar if they think the government will come in soon and buy them for dimes. That said, I think Treasury would love it if there were private vulture investors bidding for mortgage assets...
Students at community and technical colleges, especially institutions that are for-profit, are having the toughest time of it. The reason: those students are more likely to use private loans (whose credit standards have tightened), and lenders under profit pressure are less willing to write loans for shorter, one- and two-year programs - especially at schools with historically high default rates...
...Turn the $1.2 trillion into a gain (say, by passing a bailout law that actually loosens stuck gears of credit) and the long-term capital gains tax on it is $180 billion, which could buy a lot of crap CDOs. And then perhaps resell them at a profit. If we take that $1.2 trillion as a loss, the government foregoes tax money, because taxpayers will report lower incomes after they write off investment losses. Revenues drop, so the government then has to keep priming the pump by increasing spending, which will really tick off Representative Broun...
...said Vikram R. Modi ’09, co-president of the group. Modi said that the group held short positions on several baskets of securities that contained industries affected by the market plunge on Monday. This instance of short selling—a strategy that allows traders to profit from the decline in the price of a stock—is not covered under a recent ban by the Securities and Exchange Commission on certain types of shorts. Unlike some other investment clubs, Acumen seeks more than just practice from their relatively modest foray into the world of financial...