Word: risklessly
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...divisions at AIG that brought down the firm - financial products and stock-lending - didn't understand what they were doing. Financial products wrote credit-default swaps - sorry I'm not pausing to explain them, but most eyes would glaze over if I did - that they thought were riskless but turned out to be ultra-risky...
...lending out stock owned by AIG and invested the money in esoteric securities rather than in risk-free Treasuries, the standard practice. The idea was - I'm not kidding - to make an extra one-fifth of 1% in interest. When the esoterica, which the stock-loan folks thought was riskless, crumbled, so did the firm. (See the worst business deals...
...which adults, unwilling and untethered, slowly slide away from the vision of a happy life. It’s a reluctance to surrender these individual visions that fuels the collective fascination with one another’s failures. Suburban desperation is no new project for novelists and with his riskless and stilted prose, Amidon does little to build upon the motif. Tired and clunky language encumbers the novel, and thus, like the characters within, it never achieves its modest promise.The book opens with an alarm at Doyle Cutler’s house and, although nothing concrete has happened...
...February 2010 contract, it would make more than $22 per barrel, excluding the costs of the operation. This represents a greater than 60% gross return! Since interest, storage and delivery costs should amount to significantly less than the $22 spread, the venture would yield a virtually riskless profit, or arbitrage. When the February contract ended trading in late January, an enormous opportunity still existed for arbitrageurs...
...understanding of the path mortgages follow from borrow to investor. During the housing market boom that peaked in 2005, with home prices purportedly guaranteed to rise, more homeowners developed an interest in purchasing more expensive homes—with adjustable-rate mortgages—believing that they were riskless investment vehicles...