…new financial instruments — say CDO’s can. Financial innovation is good for the credit rating agencies as they have more things to rate for a fee. Generous credit ratings for…

…or bundle it into a CDO/CLO. Let’s try and come up with some rules to handle a number of these eventualities (all of the numbers are a bit arbitrary so…

…candidate which Northrop sold as coming online in 18 months after award. No one picked up that the Air Force was engaged in buying the aerospace version of French CDO’s….

…Speculation Casino of derivatives (CDO’s) high-speed computer trading, outsized “executive bonuses”, and tax dodging off-shore accounts.” So the tax breaks for the wealthy (costly to ordinary Americans who have to…

…the resulting ‘inefficiency’ raises rates all that much. The fact is that you’ve got trillions of dollars in CDO’s trading hands in what is essentially a zero sum game  …

…as they did with tranched CDO/MBS and not care about the securty of the loan(s) in each tranche? In particular the former statistic of payback after default refutes the arguments…

…loans the CDO’s were based on. and it was the criminality of the loans that led ultimately to the big crash The problem for us is that the criminal loan…

…death points at the mousse. That’s not the way MBS work let alone CDOs of MBSs or CDOS of tranches of CDOS. A better analogy would be making hamburger. Bits…

…them.) 2.Obama’s proposed chained-CPI cut would typically reduce benefits for 3 percent, and by as much as 6 percent for some recipients. 3.The White House’s decision to label this cut…

…also added the final two sentences. The post is a followup to a post from earlier Friday. I’ve also created an additional label: mainstream-journalism gimmickry. I’ve left the original rather…