Author: RA

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Daily News Roundup 2012: Wednesday 8 February

Good morning I woke up this morning to see that the Uganda gentleman famous for his death-penalty-for-the-homosexuals stance is re-tabling his bill in parliament, with a minor concession: the death penalty has been commuted to life imprisonment. I’m just in awe that something so private can inspire so much hatred and energy. I have an […]

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Books: Liar’s Poker

After yesterday’s post on Mortgage-Backed Securities (click here), I felt that I should write something on the book that talks about the origination of the MBS (which, for the record, is a pun: Origination refers to the collection of mortgages and repackaging them as an MBS). Michael Lewis, before he became famous for writing books, was a […]

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Daily News Roundup 2012: Tuesday 7 February

Good morning I woke up this morning to the news on BBC that a famed South African singer has resurrected from the dead after a fancy funeral in 2009. He was apparently captured by zombies, imprisoned in a cave, and forced to eat mud to survive. The family have told everyone that it’s him. The […]

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What is: A Mortgage-Backed Security

My last post was on mortgages, and focused on the home-owner (see here). If you’ll recall: The Home-Owner has a mortgage liability, which is the obligation to pay back the instalments over the mortgage term; and The Bank has a mortgage asset, which is the right to receive instalments over the mortgage term. Now this […]

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Daily News Roundup 2012: Monday 6 February

Greetings Observation: business news headlines have slim pickings on a Monday morning. I guess the Superbowl Weekend really is a holiday. As an aside, I think that the Giants won – but that’s mainly because Chaz né(e?) Chastity Bono kept tweeting “Go Giants” and “Yes Giants”. And, obviously, because, like, Madonna totally did the half-time […]

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An Update: On Credit Rating Agencies

On 19 January 2012, I published a post of the credit rating downgrades. In it, I mentioned some of the issues that surround the Ratings Agencies and their independence. The real problem is that the Ratings Agencies are paid by the companies that they are meant to be rating. Far too often, a company’s rating […]

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Daily News Roundup 2012: Friday 3 February Addendum

Read this article on the magic Greek statisticians: http://www.bbc.co.uk/news/world-europe-16834815 I have underestimated the BBC. I owe them an apology. Thanks to @ddendum on Twitter for pointing this out. Your twitter handle is @mazingly @pt….

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Daily News Roundup 2012: Friday 3 February

Good morning! An observation: fresh mangos should be automatically included as part of all breakfasts. I don’t mind how it happens – but they must be seasonal and on the table all year through. Woolworths SA – please make this happen. The key points in the news today: After the Republican attack on the Democrats […]

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What is: A Mortgage

Given the recent news around the US Housing Market and the Freddie Mac, I thought that I should start tackling the Subprime Mortgage crisis, the Debt Ceiling Crisis, the America-in-General crisis, and all the fun stuff that goes with it. But before I can get to that, I think I may have to back-track a […]

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Daily News Roundup 2012: Thursday 2 February

After two days, I’ve realised two things: I have a tendency to ramble;  Rambling takes a long time. Today, I’m going to try something different with the format. This is meant to be short and sharp. The key points I picked up in the News today: The world is still very excited about Facebook’s upcoming IPO […]

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