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Viewing profile — mcnees287

mcnees287

HN member
Joined
Wed, Mar 02, 2011, 11:21 PM UTC
HN karma
86
Public activity
38 items

About mcnees287

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Recent public activity

  1. comment
  2. comment
    Comment #13043409

    You assume available jobs are located near where teenagers live? In many cases the jobs are located in remote areas with small populations (most agricultural work). Also, I want mi…

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    Comment #12712222

    Second Ally Bank. I've used them for about 3 years now, and can only say good things. Their newly offered credit card is run by a third party, which I might avoid. Standard banking…

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    Comment #12316467

    I see. You are clearly a troll. But a clever troll, as you have some background knowledge here.

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    Comment #12314404

    I think the comment is referring to the fact that one can write CDS on top of an underlying instrument. So, if I have $100 million in MBS, other parties, or even myself, can write …

  7. comment
    Comment #12313869

    Yes. FHA and the GSEs pool mortgages from banks, stamp them with their guarantee, and then sell the loan pools as MBS to investors. (Most) banks, especially small ones, are unwilli…

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    Comment #12313779

    It sounds like a reasonable theory on its face. However, the outcome of this is likely that banks will stop making loans all together. If they were to offer mortgages at all, it ce…

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    Comment #12313651

    It's just insurance. One side pays the other side if a certain outcome occurs. In exchange for protection from the outcome, the side seeking protection pays a fee.

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    Comment #12313499

    Meaning, the mortgages (default risk) are guaranteed by the government, either explicitly (FHA) or implicitly through a government sponsored interprise (Fannie and Freddie). After …

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    Comment #10748873

    It's likely priced in already.

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    Comment #10605243

    And why is that? Technically, we could repay all of our debt, at any time, as we print our own currency. There are long-term implications for what you are talking about, but we are…

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    Comment #9736147

    Second the Benq. I'm using one with my macbook pro via miniDP. Great experience.

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    Comment #9181350

    You don't exercise, do you?

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    Comment #8313953

    I think you're reading too much into the conspiracy theories here. The quantitative easing (QE) programs are designed to decrease long-term rates, in other words, flatten the yield…

  16. comment
    Comment #7537474

    People who trade more are benefited from low bid/ask spreads. HFT necessarily helps them.

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    Comment #7349328

    This is an interesting comment, but Icahn's recent actions (last three to four years that I am familiar with) are driven by nothing more than the motive for short-term profit. The …

  18. comment
    Comment #6657921

    Financial times daily. Local business newspapers are also good: http://www.bcbr.com/

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    Comment #6572787

    MV=PQ Where, M=money supply V=times money changes hands in one-year P=price level Q=GDP The assumptions for this model are often missed, and include: 1.No excess reserves 2.No inte…

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    Comment #5858901

    Do you support the violent overthrow of the government? Many people would die.

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    Comment #5790387

    Do you really believe this? It would fit the narrative of the evil financial system, but I would be carful allotting credit for such a scheme. Sometimes shit happens.

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    Comment #5789995

    That's defense; it's purely semantics.

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    Comment #5789916

    We believe in defense.

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    Comment #4196229

    If you only hear one side of the story you can't make an informed decision. Fact is the entertainment industry lobby is well organized and able to have their voice heard. The gener…