Word: complicatednesses
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Gaddafi’s plan is especially important because of Africa’s complicated relationship with the United Nations and Europe. Many of the nations in positions to provide support and military assistance for the AU are the very nations that colonized Africa decades or centuries ago. Gaddafiâ?...
Strata is one of the many so-called toxic assets clogging the nation's financial pathways. What's more, the complicated bond and its ilk are likely to present a significant stumbling block in the government's latest effort to fix our ailing banks. (Read "Why Your Bank is Broke...
Pricing plain-vanilla mortgage-backed securities (MBS), which are based on thousands of home loans, isn't easy. But MBS are only the tip of the troubled bank iceberg. Lurking below are bonds that are more complicated, and much more difficult to value. Among the most confounding are collateralized debt...
Even among CDOs, Strata is more complicated than most. Unlike other bonds, it is not based on loans, but on bets other loans will go bust. Strata and its ilk were called synthetics, and could make up as much as a third of $1.5 trillion in CDOs issued in the...
French officials, who had asked for a 30-year sentence for Ganczarski, were still pleased with the outcome. The guilty verdict in a such a difficult case, they note, is a sign that France's counter-terrorism and civil justice system works. "It's gratifying to see the French legal...