Archive for 05/2010

Heartbeat Loan

A "heartbeat loan" is a loan given to anyone with a heartbeat. It's sometimes said that banks so dearly wanted to make mortgages (and collect mortgage fees) that the banks would give…

Flash Crash

A "flash crash" is a sudden stock market decline. This can be triggered by computer selling, turning a small stock market drop into a crash in just a matter of minutes. The May 6, 2010…

Grunning (running + gunning)

Texas Governor Rick Perry (Republican) was jogging with his daughter's dog, in February 2010, when Perry spotted a coyote about to attack the dog. Perry got out his gun and killed the coyote…