…the cash is not owned free and clear. There is a contractual obligation to pay interest and to repay principal. If the enterprise defaults, there may be an asset left…

…actually start cutting into cash principal. Which is a big claim and one which will be discussed in the later post, but which has nothing to do with interest rates….

…between screens with finger movements. Text input will be by default a virtual keyboard right on the screen although there is no reason in principal it should not accept external…

…and that it was neither a principal cause of the housing bubble nor the right tool for controlling the increase in house prices. Obviously, in light of the economic damage…

…Street, with Main Street a distant second. GEITHNER: “My first and essential responsibility was to fix and reform the financial system. That was necessarily going to be the principal part…

…to reduce the principal amount of their home mortgages in bankruptcy. Why the shoveback against the cramdown? Because it would require them to recognize the real losses now, rather than…

…the maximum amount of Public Debt due to Social Security. In succeeding years this draw down extends to TF principal and so starts reducing Public Debt until sometime after 2039…

…encourage people to buy homes who hadn’t owned one before. I thought that bill was problematic from the beginning. First, it was not an ineffective stimulus, in that it was…

…has elected to become an FHC. Under 12 U.S.C. § 1843(k)(4)(H), FHCs are allowed to make “merchant banking investments” in nonfinancial companies, on a principal or agency basis, through affiliated…

…Raynes, a principal at R&R Consulting in New York and co-author of “Elements of Structured Finance,” which is due to be published in November by Oxford University Press. “You’re manufacturing…