Word: thought
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
...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...
...likes of Citi owned AAA-rated mortgage securities they thought were as safe as Treasury securities. That's what AAA means - or what they thought it meant. But since the rating agencies screwed up royally by not analyzing the securities properly - a whole other story - Citi et al. got whacked...
Laura Marling is, you know, cool—hot, indie. So I thought I’d find other Harvard kids at the concert. But they weren’t (and if you were there, I’m sorry, I didn’t see you). In Club Passim, I felt like an interloper, like I was somewhere I wasn’t meant to be. But then Laura Marling walked on stage, and I thought I might have found an ally...
...When we had the meeting, that was the general consensus of everybody,” he said. “Nobody with a grain of salt thought it was an accident, but we’re still waiting for the police to make the call...