United Kingdom

This Rebel Came Armed With a Balance Sheet

 By JOHN STEELE GORDON

When most people think about the American Revolution, they think about the remarkable ideals that lay behind it and that guide the country still, or they think of the war itself, with Gen. Washington's men freezing and half-starved at Valley Forge.
What doesn't come to mind very often is how the Revolution was paid for. "Wars are fought with silver bullets," according to a Chinese saying, meaning that the side with the most money usually wins. But in the case of the Revolution, Great Britain—the richest country in Europe and the possessor of the most advanced financial system—lost despite its silver bullets. And it lost to a ragtag bunch of former colonies that didn't have a regular money supply, let alone a financial system. Nor did the rebels have the capacity to manufacture arms or gunpowder in any quantity.

Calypso Acquires CDO Platform Provider - February 26, 2009

Calypso Technology, a multi-asset-class trading and risk management software company, has purchased Codefarm, whose flagship Galapagos platform allows for the construction and management of collateralized debt obligation (CDO) portfolios. Terms of the deal, announced today, were not disclosed.

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