Credit ratings
…The lawsuit against Standard & Poor’s highlights the conflicts of interest inherent in the rating business, but can do little to resolve them. If new and complex regulation and supervision…
…The lawsuit against Standard & Poor’s highlights the conflicts of interest inherent in the rating business, but can do little to resolve them. If new and complex regulation and supervision…
…medical supervision (e.g., animal formulations are being used by people, some people may be taking doses that are dangerous; ivermectin does have serious side effects). They could argue that if…
…thrift is a virtue and debt is a synonym for sin etc. In this imaginary world and in the real world , an alliance of the unsophisticated and the fanatical…
…of thrift Imagine firms and households each have $1T in assets. There’s $2T total. Then firms pay households $1T in wages and dividends, and households pay firms $900B for stuff…
…supervision in the hands of Marjorie Taylor Greene won’t help. That said, there’s a pattern in their pronouncements so far, which I’d describe as Willie Sutton (the man who robbed banks because…
…natural gas, other than the odd city bus or garbage truck in random municipalities? The answer is a simple but unpleasant one. See, we in the US would label the…
…considered almost risk-free because if the borrowers default, Fannie or Freddie will pay off the loans (assuming Fannie and Freddie remain solvent). Non-conforming loans go into pools known as private-label…
…ridiculous. But it does have the advantage of carrying with it the Madisonian Freedom/Liberty tag, a label that the Koch right confers upon anything it wishes, because that surely will…
…political debates, is a disagreement about how far to turn the knobs when adjusting policy; it does not seem to call for a separate ideological label. That said, Mr. Konczal…
…that: think twice about calling it “income” — even with the Haig-Simons tag attached. I’ve received almost-universal pushback on the “comprehensive income” label, even from the most enlightened (and progressive)…