…than 45.0% of the borrowers are current.*** Which means that, were you to use FICO scores as an input to your model for buying Whole Loans to securitize, you would…

…is one key additional assumption on which which Schumpeter relied without knowing what he was doing (this is also a case for using models and not just stories). The assumption…

D-Squared: Lots of people appear to be forgetting this one or getting it wrong…the central model of The General Theory of Employment, Interest and Money is a rational expectations model….

…year at basically the same cost…” Mr. Elkus’s thesis is that both describe models, ultimately truths regarding making money. Both are used as strategies for basing an economy upon. Only…

…their business model: No more burying the terms of the agreement in the fine print, no more tricks and traps. If the big banks lose the protection of their friendly…

…Trust Fund Balance = Total TF Assets which as of Jan 1, 2008 was $2.2 trillion. In this model Income-Cost = Surplus/Deficit and indeed it is this figure that is…

…and 2005 claimed ‘all options are on the table’ he really meant ‘all options bracketed by the three models included in the CSSS Final Report Strengthening Social Security and Creating…

by Bruce Webb Barkley Rosser and I among others have long claimed that Social Security’s economic models are too pessimistic in light of performance both over the whole post-war period…

…investment automatically equals saving minus the public deficit (Say’s law) and consider a growth model in which GNP is produced by a production function. Assume technological progress is labor augmenting…

…business model there and that the firm can create the future unencumbered* cash flows to remain viable—should be barred from the accounting profession. AIG is different. Think Enron: there are…