Monthly Archives: March 2010

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Little progress on rules to help banks survive a panic

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Regulators are not yet setting rules on how much ready cash or cash-like assets a bank has to have, which seems strange since the financial crisis of 2007-2008 featured banks that became insolvent because their securities were losing value and … Continue reading

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“Risk-free” repos weren’t risk free in 2008

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Regulators tend to try to clamp down on what they think are risky assets, risky financing, risky deals. But in the financial crisis of 2007-2008, it was the “safe” elements that caused the trouble, say New York University professor Viral … Continue reading

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“Someone needs to tame repo on Wall Street”

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Peter Eavis, who often has insights on banking in the Wall Street Journal feature Heard on the Street, has this to say March 12, about the repurchase market: The dark irony of all this is that banks have long argued that repo … Continue reading

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The Valukas Report: 2,200 pages about Lehman and repos

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Finally, repurchase agreements are getting some media attention. That’s because examiner Anton Valukas in the Lehman Brothers bankruptcy has accused that company of using Repo 105 and Repo 108 accounting shams to hide debt. Valukas has a whole volume called … Continue reading

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