Word: solding
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...reason it has proved so hard to help homeowners is that today's mortgages are no longer simply held by a local bank; they have been sold to Wall Street, where they were cut up and repackaged into thousands of bonds sold to investors. The current global credit crisis originates from the moment when subprime borrowers starting having trouble making their mortgage payments, which had been funneled into interest payments to bond holders...
...economy and growing competition with new banks set up by the ongoing privatization of Japan's postal system, which for decades acted as a government-run banking system. Hiromichi Shirakawa, chief economist at Credit Suisse Japan, says that several regional banks have also been hurt by investments in securities sold by the bankrupt Wall Street giant Lehman Brothers, and by soured subprime-related securities holdings...
...demand. At the Trisara residential complex, for instance, a sea-view, fully furnished two-bedroom villa managed by the boutique hotel of the same name goes for upward of $4 million for a 120-year lease. A first phase of 18 villas perched over a secluded bay has already sold out, with one three-bedroom property having changed hands four times, its sale price more than tripling to $10 million earlier this year. "It's amazing to see these prices," says sales manager Sukanya Chuaywang, "but they keep selling...
...chat with the spirits about their wishes. He gave advice to the foreigner but apparently none of the spirit-appeasement tactics were followed. After the house was built, a slew of mysterious things occurred. First there was a fire, Wija recounts, then a burglary. The foreigner has since sold his villa and left Bali. Wija smiles. "It is best to keep the spirits happy," he says. We can't agree more - but we still don't know how much happiness will cost...
...Apple sold some 2.5 million Macs last quarter, the most ever. Cook argued that customers flock to Apple simply for its products. He also credited Apple's snappy advertising campaign and seductive retail stores, where more than 400,000 people enter daily. He even gave a backhanded thanks to Microsoft, saying that the company's much maligned Vista operating system drove users to Apple. "I think it's fair to say that Vista hasn't lived up to everything Microsoft has said it would," Cook claimed. "And consequently it's opened doors for a lot of people to switch...