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talkingpointsmemo.com - 3/8/2009
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On Friday I mentioned how an outfit called the "International Swaps and Derivatives Association" (ISDA), a DC lobby one imagines might in line for a bit of rebranding, got some text in the 2005 bankruptcy bill that put derivatives counter-parties (see AIG catastrophe) at the front of line in ...
youtube.com - 3/6/2009
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youtube.com —
"Make Mine Freedom" delivers a vitally important message.
Produced in 1948, at the beginning of the Cold...
War, it underscores how utopian fantasies ...
(more)
Moving Minutes - "Make Mine Freedom" (video)
nytimes.com - 3/12/2009
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nytimes.com —
The local transportation authority pulled the plug on
several Los Angeles County cities’ plans to trade stimulus...
money at a discounted rate. >
(more)
Cities’ Plans to Swap Cash for Stimulus Are Stopped
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Against Liquidity Keynes Himself Contends in Vain
Angry Bear —
Robert Waldmann Two quotes about liquidity. An anonymous TPM reader it is in everyone's interest that markets be as liquid as possible. One of the factors increasing the risk of downward-spiraling markets is illiquidity - i.e., the possibility that assets may be difficult or impossible to sell when necessary either because there is no ready market or because of barriers to sale such as the lack of common standardization (and subsequent need for costly negotiation and legal review) that ISDA has helped remedy. ...
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