These are probably extreme cases. More often, structures are calibrated so that assets pay down while a derivative amortizes. Most read more

These are probably extreme cases. More often, structures are calibrated so that assets pay down while a derivative amortizes. Most investors, who do not want their returns squeezed, would insist that the original transactions are modified to contain risks.

Just because a dress is red satin doesn't mean it will come off easily.

Just because a dress is red satin doesn't mean it will come off easily.

Hayley had two strikes on her, and I told her she needed to just center up. And she ended up read more

Hayley had two strikes on her, and I told her she needed to just center up. And she ended up with a double.

What they are doing is priceless,

What they are doing is priceless,

We're trying to play less physical and knock the ball around more than we were before playing Arapahoe.

We're trying to play less physical and knock the ball around more than we were before playing Arapahoe.

We want to act as if we can live apart from each other. To me that's the tragedy

We want to act as if we can live apart from each other. To me that's the tragedy

Liberty is not a means to a higher political end. It is itself the highest political end.

Liberty is not a means to a higher political end. It is itself the highest political end.

I always thought I was a singer, but I really am not.

I always thought I was a singer, but I really am not.

Whether retail money is going to rotate back into the market in a huge way is the key. My guess read more

Whether retail money is going to rotate back into the market in a huge way is the key. My guess is it's not going to happen.