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You searched for: label/faux-liberal

Why Tranche ?

Robert Waldmann playing faux naif again (except it’s not faux). What is the point of bundling securities into a special purpose entity and issuing debt tranches with various levels of…

James Galbraith on being progressive

…in the end. But based on the economics and the politics, it’s probably our best shot. — Related: See Jeff Faux’s “Breaking the Consensus (Finally),” and an exchange between Galbraith…