Archive for the ‘Markets Matter’ Category
Monday, April 21st, 2008
We learned this week that the board of London bank branch officers that submit LIBOR (London Interbank Offered Rate) rates, the version of Eurodollar rates used in most contracts involving bank wholesale deposit rates, to Reuters and ultimately to the rest of the world, have been shading the rate low. ...
Posted in The Banking Crisis, Markets and Regulation, Polticial Decisions Affecting Banking | No Comments »
Friday, April 11th, 2008
The financial pages are a rich source of comedy, but it was with extraordinary hilarity that I observed today that Lehman has wasted no time standing on ceremony. It’s back to business as usual for them. Nose to the old grindstone.
Recently the Federal Reserve, in a move, the papers said, ...
Posted in Games Bankers Play, The Banking Crisis, Markets Matter | No Comments »
Thursday, April 10th, 2008
On March 8, the G7 announced that it is forming a plan – a plan that would put an end to the crises that seem to plague the post-OPEC world financial system. They’ll plan. The plan won’t work.
The G7 – the United States, the United Kingdom, Canada, France, Germany, Italy ...
Posted in Markets Matter, When Regulation Goes Wrong | No Comments »
Sunday, April 6th, 2008
Secretary of the Treasury Hank Paulson, speaking on March 26th, began to reveal the details of coming regulatory reform. Two factors stand out. First, the regulatory apparatus will be made simpler, probably involving the Federal Reserve swallowing The Comptroller of the Currency and The FDIC and perhaps assuming some of ...
Posted in Markets and Regulation, Bank Management, Polticial Decisions Affecting Banking | No Comments »