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“what each individual will bear”

First-degree price discrimination is now . . . or “it’s not what the market will bear but what each individual will bear.” The one-handed economist Economists dislike monopolies because they reduce “surplus” — relative…

Angry Bear new look

This will soon be the new look for Angry Bear, and a switch to the wordpress platform from blogger will add considerably to functions. Our advertisements are also missing. The…

The Time I Offered to Bet $10,000

…for the first time in a year or so. (Ask your grandfather about the recession of 1990-1991.) In short, I am not liquidity-constrained. Alan “Ace” Greenberg—the last CEO of Bear

Some People Call Me Mau-rice

…positions with the best of them. William Cohan’s sources may not have told him this, but Warren Spector probably could have saved Bear Stearns. And if there had been a…

The Gift that Keeps on Giving

…three classes of commercial mortgage pass-through certificates from Bear Stearns Commercial Mortgage Securities Trust 2002-TOP6, a U.S. commercial mortgage-backed securities (CMBS) transaction…. The downgrade of class M to ‘D’ follows…