They have degenerated into junk DNA. Much of the large human genome is comprised of these types of junk DNA that are no longer active.
These transactions were very complex internally, but externally one can see quite simply that these select few constructed a money machine that took mortgages, a large percentage of which were junk, as input and put out mortgage backed securities that were rated AAA. Plus, these money machines insured the transactions as though the mortgages were top rated (a 2% default rate, as I recall).
Twitter is a large haystack of nonsense and marketing junk with a few needles of news and wisdom.
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He identifies Asia and Europe as the source of a large percentage of the world's junk e-mail, as well as other countries that are well insulated from American prosecution and lack strong cybercrime laws.
Instead, the cruft, the layers of junk, the technical debt in most large organizations is staggering.
But the large meals, combined with a lack of physical activity and the junk food Breanna ate at school, continued to create a big problem.
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Prices of junk bonds may have been bid up by investment funds trying to use up large cash balances before the end of the year, rather than by expectations of economic recovery, says Martin Fridson of Merrill Lynch.
Of course, junk bonds come by their name honestly, and the high yield market still harbors a large amount of risk.
Even if you do not count the large quantity of bonds issued by telecoms companies that are now bust or nearly so, the average junk issue trades at a yield of some ten percentage points above Treasury bonds.
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One large bank backed by good assets is far better than two or three smaller institutions that have a portfolio of junk.
The bank debt is, by and large, "senior, " in the sense that in a crisis it would be paid off before junk bonds from the same issuer.
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