Word: toxically
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...corporation can muster the credit worthiness to garner an AAA rating anymore. Here's where the potion gets its poison potential. Some individual parts of CDOs are about as base as bonds can be - some are not even investment grade. The assumption has been that even if the toxic waste bonds really stink, the quality tranches can keep the CDO above water. And life goes...
...hedge fund, it gets a margin call and has to sell assets to reduce its exposure. Naturally, as it sells, prices drop. The falling prices mean a further decline in the fund's collateral, forcing yet more selling. And so goes the downward cycle. Hedge funds that hold the toxic CDOs can easily undermine those that don't. It can be difficult to sell the stuff that's causing the problem; those markets are beyond redemption. So if you can't sell what you want to sell, you sell what you can sell. The fund looks at its other holdings...
...looked something like the Denver airport and featured nonstop evangelical preachers and a Christian rock band that strip-mined Stevie Wonder for songs like Signed, Sealed, Delivered, Jesus, I'm Yours. Colorado Congressman Tom Tancredo's promise that he would actually deport 20 million illegal immigrants seemed to have toxic allure for many of the alleged 30,000 Republicans assembled. Congressman Duncan Hunter gave away a Ruger shotgun and seemed ready to declare war on China...
...Washington blocked imports of tainted food and recalled unsafe toys while Beijing cracked down at home and fought to salvage the reputation of the "Made in China" label. But last weekend the conflict turned personal when it emerged that the head of a factory responsible for producing the toxic toys had killed himself...
...procedure has faced ethical complications due to the necessary use of immunosuppressants, or anti-rejection drugs, to prevent the patient’s immune system from rejecting the donor tissue. These toxic drugs expose patients to infection and increase the risk of cancer, prompting many to quesiton whether it is right to subject patients to such risks for a non-lifesaving procedure...