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It’s about time, five billion bucks’ worth: Part 4, A deal could sink the...
By:David A. Smith [Continued from yesterday’s Part 3 and the preceding Part 2 and Part 1.] By now readers should be in no doubt, based on my initial post on of the Department of Justice suing...
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Structured by cows: Part 1, Fastest animal on earth?
By:David A. Smith A CDO could be structured by cows and we would rate it. – Unnamed S&P employee cited in Department of Justice Lawsuit Too chicken to rate my securities? People like stories,...
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Structured by cows: Part 2, As a cat laps milk
By:David A. Smith [Continued from yesterday’s Part 1.] They’ll take suggestion as a cat laps milk. – William Shakespeare, The Tempest Yesterday’s post delved into the juicy details deliberately...
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Call it Franny: Part 1, “Create something of value”
By:David A. Smith Unify the chassis, unify the companies: If that wasn’t Alfred Sloan’s motto at General Motors, it should have been, for it guided both Sloan’s GM and Lee Iacocca’s Chrysler – and it...
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Call it Franny: Part 2, “Some form of market utility”
[Continued from yesterday’s Part 1.] By:David A. Smith Yesterday we saw, via a month-old article in Reuters (March 4, 2013), that FHFA director Ed DeMarco had decided to take a seemingly innocuous...
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