“President Obama recently said that the best way to pay for his healthcare plan is to raise taxes on people like him. As a result, the government is raising taxes on all half-Kenyan presidents who were born outside the Continental US.” When I was growing up, people didn’t have health clubs, thigh master, or Richard [...]

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When it comes to covered bond funding—for homes, commercial real estate, and much more—the German “Pfandbrief” is the gold standard.
Strict statutory requirements not only provide one of the world’s highest levels of bondholder protection, but support a national financing system that has held up remarkably well during the economic meltdown. Swap spreads for Pfandbrief [...]

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    WealthTrack’s Great Investors: A Conversation with Peter Bernstein – Posted by Prieur du Plessis – This week in the WealthTrack series on Great Investors, Consuelo Mack features the wisdom of the legendary Peter Bernstein, who died in June at age 90. Bernstein, an economist, financial consultant and author of [...]

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  NYT on last week’s media circus – Looking Back in Anger at the Crisis – JOE NOCERA – on Bernanke, Paulson, Merrill, and BofA … – So why the anger? Why the suggestions of “cover-up” and “lies”? On Thursday, as I watched Mr. Paulson being castigated, it dawned on [...]

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