…problem and laid out what I thought was a better approach. I still think its better. Here it goes again: Consider the role of banks. Banks essentially store money and…

Robert Waldmann is back to his CDS obsession. Imagine I’m a banker and I have this problem that they tell me I have to mark assets to market. I don’t…

…Times’ John Dizard puts it well A once-in-10-years-comet- wiping-out-the-dinosaurs disaster is a problem for the investor, not the manager-mammal who collects his compensation annually, in cash, thank you. He has…

…so the statement makes little sense to begin with. The point is that no private agent is willing to accept securitised consumer loans as collateral for “low-cost three-year funding” which…

…receive evidence as the Panel considers appropriate and may administer oaths or affirmations to witnesses appearing before it. (2) POWERS OF MEMBERS AND AGENTS.—Any member or agent of the Oversight…

…to be adjusted for inflation?” Well, no, says the agent. “How much to buy a policy adjusted for inflation?” The man either says he can’t insure for inflation, because he…

…sophisticated agent who knows that he or she has dynamically inconsistent preference will find ways to restrict his or her future choices. For example, people with weight problems go to…

…agents for depositors, and they loan out money to borrowers. Now, consider the role of the Fed. The Fed essentially stores money and acts as a payment agent for the…

…an indicator of the degree of dynamic inconsistency that may help us to understand how households overcome their self-control problems. We use a micro dataset containing households’ reports on the…

…over the length of each administration beginning with Ike. The process is starting to move, we’ve gotten ourselves an agent, and we hope to have a book deal soon. (I…