Word: stackings
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...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...
...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...
...Michael J. Arlen ’52 met Updike when he arrived at The Lampoon as a freshman with stack of clippings from his high school newspaper tucked under...
Pure Evoke Flow Smoky chrome dials and a high-gloss black finish make this one slick set. But the Evoke Flow ($200) has a stack of smarts behind that flash exterior. Its intelligent search function lets you hunt stations and podcasts by name, genre or language. So whether you're craving a dose of alt.rock or zydeco, your favorite sounds are never more than a couple of button pushes away. www.pure.com
...package built around Cirque du Soleil's Beatles tribute, "Love." The "All You Need Is Love" package gets you a room and tickets to the show for $318 during the week and $368 during weekends. If you just want to hit the show, the Mirage offers dinner at Stack, a drink at the Revolution lounge and entry to the Jet nightclub, along with tickets, for $150. Through Feb. 28. 3400 South Las Vegas Boulevard; 800-732-8412 to reserve a room; 800-963-9634 for the show alone...