Category Archives: Never say r-word (repo)

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London’s Financial Times is key to understanding repo and U.S. default

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Early next year, when Congress once again threatens to default on U.S. debt, you will need to have a subscription to the Financial Times to get timely information about conditions in the repo market, which is where the danger lies. … Continue reading

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WSJ steps up its repo coverage

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With no repo reform on the horizon, the European financial crisis threatens to erupt into a full-blown panic, Wall Street Journal reporter Kelly Evans wrote last week. While this is not news to RepoWatch readers, it’s big news to readers … Continue reading

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FT: Volcker rule may exempt repos and securitization

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Repos and securitization, the combination that nearly destroyed the credit markets and the U.S. economy in 2007-2009, will not be prohibited by the Volcker rule, according to the Financial Times. The Volcker rule is intended to limit proprietary trading at … Continue reading

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Bloomberg details Fed’s three-year bailout frenzy

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Bloomberg News has given us a stunning picture of the frantic efforts by the Federal Reserve to save the credit markets between August 2007 and April 2010. The report doesn’t mention the R-word (repo), even though fear for the repurchase … Continue reading

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Repo makes the headlines, but similarity to 2008 rarely noted

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The news wires are flooded with stories using the r-word (repo). This is great news. RepoWatch is stoked. Suddenly, it seems that everyone in the financial markets is worried about the repurchase market,  because of the debt-ceiling stand-off in Washington, and … Continue reading

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FT: A U.S. default could threaten world’s ‘plumbing system’

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Finally we have a news story from the mainstream business press that explains the potential dangers of a U.S. default. Congratulations to the Financial Times for its consistent, clear reporting on the repurchase market and for not being afraid to … Continue reading

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Doubt cast on key tri-party repo reform

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Three years after the financial crisis, Wall Street banks still have not fixed one of the most dangerous flaws in the markets, and they said July 6 they will not be able to meet an October 2011 deadline for reform … Continue reading