Sly and the Family Stone came out with “Let me take you higher” in 1969, it seems a sales trader at a large Wall St firm has taken those boom lacka lacka, boom lacka lacka lyrics to heart. It’s true, it […]
CDO’s
2 posts
The picture is a diagram of the US Shadow Banking System produced by the New York Fed in 2009/10. It is important to note, a handful of the largest, most sophisticated American banks, largely in the Federal Reserve district east […]