…“grand bargain.” Woodward’s piece is labeled opinion. But it is in fact not opinion; it is bald representation of fact. In other words, it is standard journalism reportage. Except for…

…such a company. This of course speaks to principle-agent conundrum that has been so widely studied and discussed, notably the pathological separation of ownership and control discussed in Berle and…

…their own in place, though it seems likely some will do so—and the agent of that enforcement is the Internal Revenue Service. (This is, btw, one of the places where…

…the trust doesn’t own the loans, then the servicer isn’t the agent of the note owner and can’t foreclose non-judicially. Moreover, as this Court’s earlier Ibanez decision revealed, securitization fail…

As Bain Capital PR agent Charlyn Lusk (see my post from yesterday morning) and other AB readers know by now, I’ve posted a series of posts here over the last…

…including one former IRS collection agent, with the arguments in support of the so-called “Tax Honesty Movement” (which of course should be called the “tax dishonesty–or how to rip off…

…where we started. 2. I wonder whether a real agent-based dynamic simulation modeling of Nick’s scenario, with continuous time and using differential equations, would give the same results. I’m not…

…again, emphasis ours: The “velocity of collateral”—analogous to the concept of the “velocity of money”—indicates the liquidity impact of collateral. A security that is owned by an economic agent and…

…it does this to prevent bankruptcies. This is not a promising time to invest, obvoiusly the Federal Government only invests when no private agent is willing to invest. But it…

…assume “rational expectations” if you have some attachment to the current state of affairs in macro, but it won’t change results much.) 1a. The probability that an economic agent will…