Investments – [BonkNote]

401k Ted Benna 2017 0102 – WSJ – The Champions of the 401(k) Lament the Revolution They Started: The dominant vehicle for retirement savings has fallen short of its early backers’ rosy expectations; longer life spans, high fees and stock-market declines, By Timothy W. Martin – [link] 2024 0321 – BetterWealth – The Man Who…

CLO – Collateralized Loan Obligation 2021 – FRB-P – CLO Performance, WP 20-48, Federal Reserve Board – 62p 2022 0603 – Retirement Income Journal – NAIC Reassures Congress on Private Equity-Led Insurers, By Kerry Pechter — [BonkNote] — [link]

Fixed Income Securities 2013 – FDIC – Credit Risk Assessment of Bank Investment Portfolios – 7p 2005 – Book – The Handbook of Fixed Income Securities – 7th Edition, by Frank Fabozzi – 1531p 2005 – Book – The Handbook of Fixed Income Securities – 7th Edition, by Frank Fabozzi – 1531p (p37) – Private Placement Market In…

Mortgage Pass-Through Bonds 1990 – SOA – Cash-Flow Projection Methods and Assumptions – 28p (p6) – MORTGAGE PASS-THROUGH BONDS FLOW OF FUND 2020 Q1 – FHLBC – Balance Sheet Leverage Strategies Using Agency MBS – [link] 1989 – FRB-KC – The Prepayment Risk of Mortgage-backed Securities, By Sean Becketti – 15p Since their creation in 1970, mortgage…

ABS – Asset-Backed Securities 1990 – SOA – Asset-Backed Securities (ABS), Society of Actuaries – 38p

Muni-GICs Executive Life Insurance Company AIG – AIGFP (p4) – Mr. Schreiber provided an overview of the Project Metropolis structure, which addresses liquidity demands related to AIGFP’s municipal guaranteed investment agreement portfolio on a downgrade. He explained that the structure effectively gave AIGFP the ability to put its obligations to post collateral under the municipal…

Subprime Mortgages 2012 – AP – A Breakdown in the Good of Order: An Analysis of the Subprime Mortgage Crisis Informed by Bernard Lonergan’s Notion of the Human Good, by Joseph Cioni – 645p

CDO – Collateralized Debt Obligation

Money Market Dale R. Gustafson asks why the really hard questions about the product aren’t reflected in the articles we printed. His nominees for the hard questions are: Are short-term new money investments appropriate for a product designed to meet life-long insurance needs? 1981 11 – SOA – More on Universal Life, The Actuary, Society of…

Mortgage Bonds 1927 – AP – The Guarantee of Mortgage Bonds by Surety Companies, by Edward L. McKenna, Ph.D., Assistant Professor of Insurance, Wharton School of Finance and Commerce – 7p I was very interested to see Kin’s earlier work about the delinquencies versus the Frank Russell, because those of us who do a lot…