Moody’s had always assumed banks and their securities were “Too Big to Fail.” Not any more: Moody’s Investors Service will no longer assume that holders of the securities will benefit…

…the problem as if it does not exist. Though ignoring a problem is at least not patronizing to those with the problem as is defining it down and declaring it…

John Quiggin makes the broad case (link fixed). If you are then stuck with trying to present a Grand Unified Field Theory, you will inevitably lose (or, at best, reduce)…

…bonds (MBSs). I think they are an excellent way of diversifying and eliminating risk. However, I have to admit that they create a problem. Since the mortgage initiator is not…

rdan Again I apologize for simple links, but my time is being held hostage to circumstances. No one in the hubbub of today linked to Guerby’s post, so I thought…

…they are made up. So one could argue that the problem might be mark to market accounting if one were ready to argue that the problem is due to capital…

…how are people who, eight years ago, were proudly displaying “Sore/Loserman” bumper stickers going to react if/when McCain announces Loserman as his pick for VP?* UPDATE: Otoh, if the NYT…

…posts to explaining the regressivity problems of consumption taxes. To get a good overview of those problems, take a look at his posts under the topic heading “Consumption Taxes” in…

…both of which are quite high. Unfortunately, there are a couple of problems with the report, too. Much of the increase in income and spending was eaten up by higher…

…correct. But it adds considerable exposure to the PBGC. In other words, some of the GOP Social Security privatization proposals, like the current structure of PBGC, would give private agents…