lehman brothers

Curiously Waiting

It is a definitive facet of the modern central bank that mystique is often more precious than actual skill or competence, including specific knowledge of the economy or markets (or both together). Such an aura is predicated solely on the plausibility that the central bank actually possess such. Removing that veil, as has been done in some measure since 2007, [...]

SRIA Underscores Banking Ambiguity

By Jeffrey P. Snider|2013-11-06T17:06:50-05:00November 6th, 2013|Markets|

It has not received much if any attention, but the Swaps Regulatory Improvement Act passed the House of Representatives on October 30. It received significant bipartisan support, including 70 Democrat “yeas.” As part of the original Dodd-Frank Act, banks were being required to separate some of their derivatives business from federally insured banks. It would have required a separate entity [...]

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