For more information on how you should react, see our friend Michael (ninja) explain the prisoner's dilemma here:
http://www.youtube.com/watch?v=JdWmVbX6jok

the million dollar question. i think 4 out of every 5 conversations i've heard in the past two months revolve around study techniques and rumors of only needing x hours a day after july x. while tempting, i just have to keep in mind that i need to do what i need to do...which apparently has meant about 4 or 5 hours outside of class each day. on a pseudo-related note, i went to sigara after turning in my finals with erin and kari...the tarot reader didn't mention anything about my bar results.

Yes, I ran into Kari there too.

See...if the exam were graded on the curve, I'd say people are only spreading the rumors to lower our grades and thereby increase theirs....but it's not curved, so you gotta wonder if they're true...a little, at least...

Don't residents get paid a decent amount of money? Not like six figures, but more than the average mechanic.

I didn't know that. Could be.

In other news, the CAPTCHA I need to answer to reply to this post is:

"1 + 0 ="

(If this reply comes through, you can assume I got it right.)

I'm telling ya, Rick. If I have to look at those feet for just one more day ....
Post something, boy! :D

I'm not sure, but I think a commercial paper is a money-market security issued by large banks and corporations. It is generally not used to finance long-term investments but rather to purchase inventory or to manage working capital. It is commonly bought by money funds (the issuing amounts are often too high for individual investors), and is generally regarded as a very safe investment. As a relatively low-risk investment, commercial paper returns are not large. There are four basic kinds of commercial paper: promissory notes, drafts, checks, and certificates of deposit.

Because commercial paper maturities do not exceed 270 days and proceeds typically are used only for current transactions, the notes are exempt from registration as securities with the United States Securities and Exchange Commission.

Commercial paper is defined in Canada as having a maturity of not more than one year and is exempt from dealer registration and prospectus requirements.[1]

Commercial paper essentially can be compared as an alternative to lines of credit with a bank. Once a business becomes large enough, and maintains a high enough credit rating, then using commercial paper is always cheaper than using a bank line of credit. Nevertheless, many companies still maintain bank lines of credit to act as a "backup" to the commercial paper. In this situation, banks often charge fees for the amount of the line of the credit that does not have a balance. While these fees may seem like pure profit for banks, if the company ever actually needs to use the line of credit it would likely be in serious trouble and have difficulty repaying its liabilities.

Currently, more than 1,700 companies in the United States issue commercial paper. Financial companies comprise the largest group of commercial paper issuers, accounting for nearly 75 percent of the commercial paper outstanding at mid-year 1990. Financial-company paper is issued by firms in commercial, savings and mortgage banking; sales, personal and mortgage financing; factoring; finance leasing and other business lending; insurance underwriting; and other investment activities. The remaining commercial paper outstanding at mid-year 1990 -- over 25 percent -- was issued by nonfinancial firms such as manufacturers, public utilities, industrial concerns and service industries.

Commercial paper was invented by Percy "Max" Hall, Vice President of Manufacturers Hanover Trust Bank, in the 1920's.

 Counselor Ryan, did you finally get google???

Holy crap they stole my definition and put it on Wikipedia!

Where can I find additional history on Percy "Max" Hall and his Commercial Paper invention?

Google search so far has produced nil.

"Max" had a great idea when he came up with this nifty debt instrument. Great creativity for a Banker!

Way to go Max!

Thanks,

Dan

Hey - as much as i enjoy someone linking to my blog... i'll note that my reference was even MORE obtuse than you suggest.

I took Secured.

I was talking about TRIBAL secured transactions.

The difference here is that Tribal land is owned in trust by the federal government - because of this it CANT be be used in a secured transaction (because it is "owned" by the federal gov. and NOT the tribe and therefore can't be used as collateral - and therefore there are no 'normal' secured transactions availiable on tribal land) ... that isn't to say that they don't exist. BUT... that is a comment for some obscure footnote in some obscure law review on some obscure indian law note.

So obviously they didn't test on that :)

If you took it in july and are still waiting -- no worries. Everyone i took it with who ran blogs - they all passed on the first time. I think there is a connection .. and therefore you will pass. Just relax these last few weeks...

Shmoo

Ricky:

You can assume that most days for the next two months will be equally exciting.

Chuck

I think that you should blog about the same day over and over again. Really give the kids a feel for studying for the bar exam.

How on earth are you about to say all this and not say the important stuff! Details?!?!

Welcome back to the world of Blogging!

And welcome back to the world of commenting, Counselor Pirates. Glad to have you back. Will have a link to your blog once I get the link section up...have a good Tuesday, sir.

I'm intrigued by Pirates' anonymity. On another note, I don't like how this new site makes you re-enter your name and e-mail address every time you comment. Get with it, Lax. This is supposed to be new and IMPROVED.