Word: stack
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Dates: during 2000-2009
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...goalie distinction isn’t the only trick up the Eagles’ sleeve. BC will be banking on high performance from its dynamic duo of Allie Thunstrom and Kelli Stack, who have a combined 73 points for the season...
...there's more. Unlike other CDOs, Strata is a so-called single tranche CDO. Most CDOs own hundreds of millions of dollars of loans. Those loans are pooled together and then various bonds are sold based on the portfolio. But all the bonds are not the same. They are stacked based on risk. The highest tranche bond gets paid its dividends based on the first loan payments that come in the door. Bonds at the bottom of the stack get paid last, which means those investments are wiped out first if borrowers fail to pay back their loans. Those bonds...
...Strata's case there is no stack. Instead, BofA imagined it had invested $1 billion in the bonds of 75 different companies, and then pretended that Strata wrote insurance against a $20 billion slice. BofA bankers placed Strata toward the bottom, in order to justify its relatively high yield...
...Alexander Hamilton explained in the Federalist papers, impeachments are political, not legal, trials. They inevitably involve "animosities, partialities, influence and interest." Through years of tough-guy politics and bullying the legislature, Blagojevich had managed to stack all those factors against himself. And any whisper of sympathy he might have been able to squeeze from the senators a week ago, he strangled by first refusing to defend himself in Springfield, then swanning off to Manhattan to complain under the klieg lights about the unfairness...
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