Comments | mrfishes: Another assortment of Things.

mrfishes

Another assortment of Things.

Mar 04, 2008 17:30

ManMan will be at Mr Small's in Millvale Sat Mar 22. They'll also be in Austin for SXSW and again on April 30; while there are assorted dates in New York, Baltimore (tonight!), Boston, and all over the Deep South (WTF?), it looks like nothing in Philadelphia or Seattle. Look for yourself (and buy tickets) here.
From the NY Observer, via Inkless ( Read more... )

Comments 1

byzantine_ruins March 6 2008, 21:27:55 UTC

Thanks a lot for the pointer! There are a lot of what are called CLOs amid the ABS out there, and that includes student loans of questionable quality. Just because it can dog you for the rest of your life doesn't mean the person who wrote it won't have to take a write-down and sell it below face value if it sucks.

Actually, they would probably sell it in advance, into a structure that would put it in a bond-shaped wrapper and sell strips of a whole bunch of them in a mezzanine finance structure, then get burned by being forced to buy it back when the loans fail to perform.