Word: junking
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Dates: during 1990-1990
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...Reagan years. The doomsayers seem to be savoring the chance to put priorities straight. "When the stock market crashed in '87, people thought the party was over -- the bar was still open but the band went home," says a young financier who has been laid off by the junk-bond department of a New York City investment bank. "Well, now the bar has closed...
...raise capital, Equitable Life Assurance Society, the third largest U.S. insurer, announced it will convert to a stock-owned company. The $500 million in additional capital that chairman Richard Jenrette expects to raise through the stock sale will help offset large losses from risky ventures: junk bonds, real estate and high-interest guaranteed- investment contracts. It will also make it easier for the company to diversify...
...main offerings are credible. The corned beef, although a slightly different color than the fare I serve, is authentic enough. The pastrami is far superior to the greasy junk HDS likes to serve on a "bulkie roll...
Wall Street wags are convinced that the junk-bond king will cooperate with federal prosecutors in return for a reduction of his 10-year prison sentence. Why? Toupees are not allowed in the federal penal system, and Milken, who wears one, can't bear the thought of going bare...
Consumers worried about recession and war are shopping for bargains this year. Junk-bond king Michael Milken pulls a stiff ten-year prison term...