…does an estimate and believes that, in a fully functioning market, MBS X is actually worth 30% of face value, or $30 per bond. In the absence of a conflict…

UPDATE: Dr. Black twists the knife. The Geithner Plan FAQ is worth reading; it’s a classic example of treating an incomplete market as if it were the entire market. And…

…me that Cato got its money worth in some of its past hires. I’ll explain that last piece of snark and discuss some implications of this below the fold. In…

…19th largest holder of each of the Big 10 banks. At year-end, these shares were worth a total of $3.7 billion (plus $436 mil. worth of Goldman Sachs (GS) and…

…plant that takes up a few city blocks worth of land in the middle of Los Angeles. Assuming they have the same arrangement now that they did just a few…

…than a penny is worth.) 100 pennies of income generated. 100 people. In 1976, the share of income to the top 1% was 8.7% rounding up. You can see where…

…tons of cash through the implosion in value of assets that weren’t really worth what Goldman, Welfare, Queen & Sachs and the rest of ’em told us they were worth….

…tons of cash through the implosion in value of assets that weren’t really worth what Goldman, Welfare, Queen & Sachs and the rest of ’em told us they were worth….

…just as well ? 2) Why set up Fred when Fred’s assets must be worth more than Fred’s liabilities so there is no obvious point limited liability 100% share ownership…

…they are worth,” he added. My initial reaction was simply “My God, they just can’t help themselves, can they?” Anybody know how this might be worth it to keep the…