Good explanation of how CDO were constructed in today’s WSJ, and why the subprime mortgages were so problematic. Various CDOs,...
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Both March Income and Spending rose as expected, up .3% and .6% respectively. With the greater rise in spending, the Savings Rate fell to...
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“At its current leak rate of 5,000 barrels of oil per day, the spill could surpass the size of the 1969 Santa Barbara spill by next...
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Step 1, get bailout money, check. Step 2, wreck your economy in order to save it, that is what lies ahead for Greece but they have no...
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Berkshire Hathaway CEO Warren Buffett on the nation’s attitude toward Wall Street, the shareholders meeting and his investment in...
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This is a reprint from 2003, originally published at MarketWatch: ~~~ NEW YORK (CBS.MW) — The Duke of Wellington once observed:...
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This may be the best rationale I’ve seen the MSM use when mentioning the Volcker rule: “The Senate is considering writing...
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click for video Friday, April 30, 2010
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Blame Germany, Galbraith Says: “Extreme Brinkmanship” Imperils Europe
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