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.

The way I feel now, I'm 45 years old and I have a new life. I feel reborn. I'm alive read more

The way I feel now, I'm 45 years old and I have a new life. I feel reborn. I'm alive again.

Written laws are like spiders' webs, and will, like them, only entangle and hold the poor and weak, while the read more

Written laws are like spiders' webs, and will, like them, only entangle and hold the poor and weak, while the rich and powerful will easily break through them.

There are a lot of ways to check her story out and that's what we have been telling people. She read more

There are a lot of ways to check her story out and that's what we have been telling people. She didn't do anything wrong.

To marry unequally is to suffer equally.

To marry unequally is to suffer equally.

We do not wish to inhibit the artistic merits of our students, but there will be warnings before particularly racy read more

We do not wish to inhibit the artistic merits of our students, but there will be warnings before particularly racy films.

In my household, we've already begun energy conservation. In 2006, residential customers as well as commercial and industrial customers, will read more

In my household, we've already begun energy conservation. In 2006, residential customers as well as commercial and industrial customers, will have to take new measures.

Generally, what we try to do if we have a game where we have to play for 32 minutes is read more

Generally, what we try to do if we have a game where we have to play for 32 minutes is try to wear them down by playing full court. But if we get ahead by a good margin, then we'll call off the dogs.

Germany in general has stayed united with the other two partners, but is considered sort of the weak link. My read more

Germany in general has stayed united with the other two partners, but is considered sort of the weak link. My guess is that (Merkel's) Christian Democrats might be marginally more in line with the U.S. position.