Month February 2008

Saw Steve Earle last night

It was the opening show for his North American tour, we had second row center seats. This self-described “pinko songwriter” transcends categories. Is he country, bluegrass, folk, or rock? Yes. Singing Jerusalem at the Operation Ceasefire Concert in Washington DC…

Yet another debt market freezes

Variable-rate demand notes are long-term debt where the interest rate fluctuates on a short-term, sometimes weekly basis. Like their cousins before them; subprime, CDOs, SIEs, SIVs, and the rest of the toxic alphabet soup, these notes have just done a…