A hedge fund manager has decided to speak out against Obama’s criticism of the hedge fund industry.   Clifford Asness, managing partner of AQR Capital Management, wrote a letter to other hedge fund managers that has now been made public.  He felt the letter was the best way to “stick up” for an industry that [...]

My commercial transactions professor can’t stop bringing up his support of modifying mortgages in bankruptcy.  He keeps arguing that modifying mortgages in bankrtupcy won’t make mortgages more expensive.  In his words, “the economics doesn’t back it up.”  He also doesn’t think that there will be a rush on bankruptcy courts.  Finally, he likes to come [...]

Circuit City announced this morning that it plans to close the rest of its 567 stores in the US.  You’ll remember that just two months ago they closed 155 stores.  You’ll also remember that CompUSA closed all of its stores in the past two years as well.
What’s the problem?  Aren’t people plunking down $1500 for [...]