TALF Details Revealed
Via MarketWatch: WASHINGTON (MarketWatch) — A new lending program from the Federal Reserve and the U.S. Treasury could generate up to $1 trillion in loans for small businesses and consumers, the...
View ArticleECB’s ABS Plan Is More Than ‘Bad Bank”
First ECB head Mario Draghi hinted at discussions of an ABS plan at his press conference. Now we get word from Die Welt that not only is it more than a rumor, it has been discussed by the ECB’s...
View ArticleWhy It’s The ‘Money’ Stupid
When grounded in the framework of traditional banking, wholesale dynamics can be quite confusing to the point of being impenetrable. Nowhere is that more the case than the wholesale ideas of currency...
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