On Monday, Verizon Wireless successfully securitized more than $1 billion in cellphone contracts and sold the notes into the Asset-Backed Securities (ABS) market. Here’s the Reuters article describing the deal. Wireless guys have been selling their contracts for years in private deals, but this is the first public securitization, and the first new “asset class” to …
Old Hickory Lake, TN – visible light image (L) and infrared light image (R) Morpheus: Do you believe in fate, Neo? Neo: No. Morpheus: Why not? Neo: Because I don’t like the idea that I’m not in control of my life. Morpheus: I know *exactly* what you mean. Let me tell you why you’re here. …
Dr. Evil: Gentlemen, it has come to my attention that a breakaway Russian Republic called Kreplachistan will be transferring a nuclear warhead to the United Nations in a few days. Here’s the plan. We get the warhead and we hold the world ransom for…one MILLION dollars! Number Two: Don’t you think we should ask for …
When I look over my shoulder What do you think I see? Some other cat lookin’ over His shoulder at me. – Donovan, “Season of the Witch” (1966) Josh Leonard: I see why you like this video camera so much. Heather Donahue: You do? Josh Leonard: It’s not quite reality. It’s like a totally filtered …
Jesse: And why’d you go and tell her I was selling you weed? Walt: Because somehow it seemed preferable to admitting that I cook crystal meth and killed a man. – “Breaking Bad” (2008) Meadow: Are you in the Mafia? Tony: Am I in the what? Meadow: Whatever you want to call it. Organized crime. …
For the life of me, I don’t understand the debate [over the NSA metadata program]. – Jeb Bush, February 18, 2015 The Central Intelligence Agency played a crucial role in helping the Justice Department develop technology that scans data from thousands of US cellphones at a time, part of a secret high-tech alliance between the …
Neil McCauley: We want to hurt no one! We’re here for the bank’s money, not your money. Your money is insured by the federal government, you’re not gonna lose a dime. Think of your families, don’t risk your life. Don’t try and be a hero! “Heat” (1995) Butch Cassidy: What happened to the old bank? …