Monthly Archives: June 2010

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Taylor, Bean CEO accused of repo fraud

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A federal grand jury in Virginia has accused the CEO of Taylor, Bean & Whitaker Mortgage Corp. of Ocala, Fla., once one of the nation’s largest non-bank mortgage lenders, of using repo to run a $1.9 billion fraud scheme. Criminal … Continue reading

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ECB director: Collateralized financing with repos is the future

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The key developments in banking in the past 30 years are the rise of securitization and collateralized finance, primarily repurchase agreements, according to Lorenzo Bini Smaghi, a member of the executive board of the European Central Bank, speaking at the … Continue reading

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Should Fed bring back M3 and its repo data?

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Economists and financial market analysts are wrestling with the tough job of getting a handle on the repurchase market without comprehensive data, and some are calling on the Federal Reserve to reinstate its publication of the M3 measure of the … Continue reading