Popularized in films like Limitless, legal smart drugs called Nootropics are becoming more and more prevalent in board rooms and on Wall Street.Keep reading »
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Standard & Poor’s said it may downgrade 1,196 securities tied to U.S. residential mortgages after it “incorrectly analyzed” the debt in light of the securitizations’ actual structures. The bonds were created mostly this year in 129 transactions called re-remics, which are formed by repackaging existing home- loan securities, New York-based S&P said today in a statement.