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S&P Wants You To Know They "Stress Tested" Subprime Auto ABS Structures And They're "Very Stable"

S&P Wants You To Know They "Stress Tested" Subprime Auto ABS Structures And They're "Very Stable"

The same firm that 'assured' us all back in 2006 that RMBS, CDOs, synthetic CDOs and CDO-squared structures were all very safe products and well deserving of their AAA ratings would now like for you to know that they've "stress tested" subprime auto ABS facilities and found that they're "very stable." 

How Much Longer Can NFL Owners Afford To Sanction Anthem Protests?

How Much Longer Can NFL Owners Afford To Sanction Anthem Protests?

NFL franchise owners provoked quite a reaction on Sunday and Monday when they walked onto the field and locked arms with players – and, in some cases, kneeled (just not during the National Anthem) – in a demonstration of defiance to President Donald Trump, who late Friday night picked a fight with both the NBA and NFL by first disinviting the Golden State Warriors to the White House, then labeled any NFL player who kneels during the anthem a “son of a bitch” for “disrespecting our heritage.”

Six-Figure Pensions For University Of California Teachers Surge 60% Since 2012

Six-Figure Pensions For University Of California Teachers Surge 60% Since 2012

Back in January 2017, the University of California system of schools approved their first in-state tuition hike in six years.  And while one might hope that the extra millions of dollars raised as a result of those hikes would go toward a better education for students, in reality, a large chuck will go to fund the exorbitant pensions of retired teachers. 

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