…to consult the waitress at the coffee shop he stops at in the morning. Or better yet, the real estate agent who’s trying to sell that house down the street…

by Linda Beale The Mortgage Loan Foreclosure Mess: Yves Smith on the Banks’ Gluttony; Problems with MERS and Sloppy Securitizations Edited noon 11/1/10 to clarify discussion of certificates as qualified…

…have a costly bail-out, let’s at least focus only on bailing out the “good banks” and let the “bad banks” die. The problem with the approach I laid out is…

…their promises to people, but if people try it they end up bankrupt or in jail. Barring violence by the cheated promisees, the government is the only agent that can…

…(treasury inflation protected securities or TIPS). There is no agent who wants a slightly risky AAA tranche but not a mezzanine or equity tranche. If all agents buy equal amounts…

…assets on which CDSs were written.. I think actually that this is a highly relevant problem. I’m not sure that you can explain the existence synthetic CDOs without type 4…

…scatterplot of annual inflation (i.e., inflation over the previous twelvemonth) against the University of Michigan’s median expectation from consumer surveys. So the “Rational Agent” believes that nothing will change. Comments?…

…in the sand, the “are you with us? or against us?” line. And I don’t have any problems with that position as a matter of strategy and tactics, the Public…

…felons to non-felons in the office is surprisingly high considering that social security numbers and financial information are provided to the agent by clients. I understand the concept of rehabilitation,…

…Cohan’s correct in his assertion on Stewart’s show that the people who bought all those OOTM put options were hedge funds that had previously used BSC for their Clearing Agent,…