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A New York bankruptcy judge's ruling has thrown into question one of the sacrosanct assumptions of securitization — that principal and interest payments resold to investors are off-limits to the bond issuer's other creditors.
August 28 -
In an interview at his Midtown Manhattan office last week, Kaufman, the renowned economist and a longtime critic of the Fed and its response to the credit crisis, recalled asking Greenspan about his tacit advocacy of floating-rate financing.
August 10
