…insurance companies, endowments, et al selling illiquid assets into a market with few bidders, that’s going to be ugly. On the bright side, mergers are totally frozen. And that leads…

…its own goals.” Harvard has the resources to survive the Trump Administration attacks. Other universities with smaller endowments—and their alumni—need to join with Harvard to fight this senseless assault. Rooting…

…during a shortage of housing: There is a surplus of applicants…. Adam Smith pointed out how academics running colleges and universities financed by endowments can run them in self-serving ways,…

No place to pahk the cah….

From Rdan’s Sallie Mae post I got the urge to hunt because vtcodger mentioned greed. Greed? Yes, I have recently learned that one person who works to manage the endowment…

…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)…