1.   Federally insured thrifts that traditionally had limited their investments to home mortgages began bingeing on highly speculative investments.

2.   Homes became a speculative investment which bubble and burst, leaving thousands without homes or unable to move home.

3.   Large volumes of speculative investments leading to losses for the customer might be thought to imply churning.

4.   All were highly speculative investments whose shares declined sharply in recent months.

5.   A junk rating means a bond is considered a speculative investment.

6.   But individual investment accounts would also be subject to pressure from money managers eager to steer them into more speculative investments.

7.   But they are different in that they can borrow huge sums to make freewheeling bets on stocks, bonds, derivatives and other speculative investments.

8.   Chestnut Hill now has two hedge funds, or private investment partnerships that pursue speculative investments strategies, often using borrowed funds.

9.   Degree of Risk The Frankfurt Stock Exchange said the Neuer Markt was designed in part to offer Germany access to more speculative investments.