House under construction from Crestock Stock Images This is an extract from an article: On Jan. 12, Amherst Securities published a study on the estimated losses Fannie and Freddie will absorb as foreclosures flow through the credit loss pipeline in the coming years. Using a database of 29 million active prime mortgages from First American [...]
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I am reading an interesting book called ‘F.I.A.S.C.O.’ by Frank Partnoy. (Ironically, I bought the book in Borders closing down sale for around 20% of the normal price.) It recounts Franks experiences of working for Morgan Stanley as a derivatives trader on Wall Street. Simply put, a derivative is a either a right to buy [...]
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The Earthquake In Japan
The earthquake in Japan is long overdue and has been predicted for many years following the last big one in 1923. It brings to mind an article that I read around 10 or 15 years ago. This article predicted a large earthquake in Tokyo and discussed the potential consequences of such an earthquake. It emphasised [...]
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