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FHFA Issues Subpoenas for PLS Documents

…in private-label securities. These securities included subprime loans, which were extended to people with thin or weak credit histories, as well as exotic loans such as adjustable-rate mortgages known as…

SCOTT SUMNER II

…I wonder if he is even aware that economic historians label the 1870’s as the “Long Depression”. I find it really amusing that he so proud of what others call…

…and worked for a couple of Boston investment management firms as their in house economist, investment strategist for some 12 years. My original field of study was international economics and…

Tri-Committee Health Care Bill Deficit Neutral

…cost “a quarter of a trillion dollars” perhaps hoping people are still scared by the label rather than the number. Because in the context of a $750 billion TARP package…

Warren Buffet’s annual letter to shareholders

…purchasing companies] were known as “leveraged-buyout operators.” But LBO became a bad name. … Their new label became “private equity,” a name that turns the facts upside-down: A purchase of…

Paul Volcker Feb.20

…them from really high-risk activity. The old investment banks, when they existed as free-standing institutions, could engage in no activity that didn’t present a conflict with other customer interests. That…