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July 28, 2005
Hey, what was that S&L thing again?
You’re out of your mind!!!!
This is the reaction that many corporations are having to yesterday’s Senate Finance Committee’s monumental decision to approve the forcing of firms to fully fund their defined benefit pension plans.
After years of shorting the coffer on these plans, which guarantee employees regular monthly checks when they retire, corporations and their lobbyists are now sweating in their power suits, pounding down the door at 219 Dirksen to convince the Senate Committee that the idea is insane.
Insane, eh? Try imperative.
Posted by Michelle Smith at 12:15 AM | Comments (0)
July 19, 2005
Buying Bonds, Buying Headaches?
Argentina had big news today. After three years of focusing on paying off its debt and trying to get its economy in order after the biggest default in history, the government announced its first issuance of dollar-denominated bonds since its 2002 financial crisis. Similar to when a guy celebrates paying off his credit cards by going out and charging a big screen TV, Argentina’s friends have reasons to be concerned.
Posted by Michelle Smith at 07:52 AM | Comments (0)
July 11, 2005
U.S. Real Estate: The Mysterious Bag Holder
U.S. mortgage financing practices are out of whack. The problem is, nobody quite knows who is bearing the risks.
Posted by Michelle Smith at 08:02 AM | Comments (0)