Blog Archives

Gallery

2008 Fed meetings give blow by blow of crisis

This gallery contains 1 photos.

With the Federal Reserve’s release of the transcripts of key Fed meetings in 2008, anyone can read in detail how the financial crisis unfolded in that pivotal year. These transcripts, of the 14 meetings of the Federal Open Market Committee, should … Continue reading

Gallery

Why you should worry if the U.S. defaults

This gallery contains 1 photos.

This commentary first appeared in the Santa Rosa (Calif.) Press Democrat. As Congress once again threatens to default on U.S. debt, you are going to hear more predictions of doom. Should you be concerned? Yes. Let me explain this by … Continue reading

Gallery

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

This gallery contains 1 photos.

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

Gallery

Don’t touch my repo

This gallery contains 1 photos.

The repo industry has dire warnings for anyone who wants to rein in its market. The warnings are a sobering, inside look at how important the repurchase market has become to the world’s flow of credit. From the International Capital … Continue reading

Gallery

U.S. Regulators: Repo is vital, and it’s dangerous

This gallery contains 1 photos.

In the past three months, U.S. regulators have issued nine warnings about danger in the repo market, a market they repeatedly describe as critical to the worldwide financial system but needing reform. Is anyone listening? The Financial Stability Oversight Council, … Continue reading

Gallery

Finally, a U.S. business reporter says it out loud

This gallery contains 1 photos.

“Wall Street’s One-Night Stands; Someone Could Get Hurt in Repo Market” by David Weidner, The Wall Street Journal MoneyBeat, Writing on the Wall, May 29, 2013: “The repo market wasn’t just a part of the meltdown. It was the meltdown.” … Continue reading

Gallery

Covering the Repo Market and Shadow Banking

This gallery contains 1 photos.

From the Donald W. Reynolds National Center for Business Journalism at Arizona State University: Mary Fricker, founder of RepoWatch.org, said the repurchase market is a key reason for the ferocity of the financial crisis. She shares her tips and resources … Continue reading