Month: April, 2008

Negotiating your rating: Part 1, the ivory tower

23 April, 2008 (09:08) | Finance markets, Rating agencies, Subprime, Theory, US News | No comments

How much opportunity should an issuer have to work with a rating agency to achieve a target result?
 
[For background on the rating agencies, see my five-part post from last August, A Symbiote’s Life is Not a Happy One, Part 1, Part 2, Part 3, Part 4, and Part 5.]
 

 
Mel: You mean to tell me that you […]

Banking on value: the explanation

22 April, 2008 (10:27) | Banking, Markets, Subprime, Theory, US News | No comments

Roughly a month ago, almost as it happened, I put out a post entitled Banking on Value, which opened: 
Ten days ago, the Federal Reserve made a bet that economic students will be studying for decades. 
 
What have you got in the hole, Ben Bernanke?
 
Under Ben Bernanke, the Fed pushed $200 billion – that’s your money […]

Government architecture

21 April, 2008 (11:06) | Architecture, Configuration, Global, Innovations, Russia, Tenure, Trotsky | No comments

[On Patriots’ Day, which is a holiday in Boston – as it should be! –
 

Finding a decent apartment in Boston is a marathon, not a sprint
 
–my quirky sense of humor suggests that we should highlight the architectural musings of one of the world’s most famous Communists, Leon Trotsky, and be thankful we’re not living […]

The economics of water: Part 7, New York invents municipal finance

18 April, 2008 (09:02) | Cities, History, Infrastructure, Multipart posts, New York City, Urbanization | No comments

[Continued from the previous Part 1, Part 2, Part 3, Part 4, Part 5, and Part 6.]
 
As we’ve seen so far in this extended series on the economics of water taking off from Duke law professor Jim Salzman’s article Thirst: A Short History of Drinking Water, since housing is what makes cities, infrastructure – […]

The economics of water: Part 6, New York tries private infrastructure finance

17 April, 2008 (09:53) | Cities, History, Infrastructure, Multipart posts, New York City, Urbanization | No comments

[Continued from the previous Part 1, Part 2, Part 3, Part 4, and Part 5.]
 
As we’ve seen so far in this extended series on the economics of water taking off from Duke law professor Jim Salzman’s article Thirst: A Short History of Drinking Water, since housing is what makes cities, infrastructure – at its most […]