Kicked Out of Finance and into Journalism [View article]
However, we have entered a new era, thanks to the internet. Before long, miscreants will have to change their names. Google everyone whose advice influences you.
Goldman Sachs' Not-Very-Charitable Foundation [View article]
The IRS form requires that they pledge to make it available to the public: call Goldman up and ask them. The form also lists the members of the board, which should be interesting.
"...the buyer ends up owning the house after a set number of years paying rent." With no down payment we're talking 20 or more years here. The contract could end up in the seller's estate.
"...the house is essentially placed in escrow..." Not really: enforcement of the contract might require going to court. The seller would repossess, but at great cost. Unless the German government is the escrow agent and then they might as well get into banking. Hmm...sounds like our GSEs.
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Latest | Highest ratedKicked Out of Finance and into Journalism [View article]
A Different Approach to Economic Forecasting: A Hard Look at Whitney's Skill [View article]
Two Safe Havens [View article]
Goldman Sachs' Not-Very-Charitable Foundation [View article]
William White: 'It's 2003 All Over Again' [View article]
Rent-To-Buy [View article]
"...the house is essentially placed in escrow..." Not really: enforcement of the contract might require going to court. The seller would repossess, but at great cost. Unless the German government is the escrow agent and then they might as well get into banking. Hmm...sounds like our GSEs.
Building Boring Nationalized Companies [View article]
How Long Can Public Pensions Continue? [View article]
Richmond Fed: GSEs Encourage Mortgage Defaults [View article]
Richmond Fed: GSEs Encourage Mortgage Defaults [View article]
The Real Problem with ETNs: The Spreads [View article]
Whose Face Should Grace the $1 Million Bill? [View article]
The Chamber of Commerce Has It Backwards [View article]
Regarding Osinski, Toxic Assets, and Felix Salmon [View article]
Naked-Shorting Datapoint of the Day, Carl Icahn Edition [View article]
On Oct 14 05:02 PM Tom Armistead wrote:
> He who sells what is not his'n,
> Must buy it back, or go to prison.