by irdadmin | Feb 4, 2016 | Financial Markets, U.S. Economy
[Note: A reader alerted me to this – LINK – which explains the $19 billion drop in Capital Surplus. Congress passed a law requiring all surplus capital at the Fed in excess of $10 billion to be transferred to the Treasury as part of the Highway Bill...
by irdadmin | Jan 24, 2016 | Financial Markets, Housing Market, U.S. Economy
“The banks are still clinging to their reserve reports and praying. The bonds are all toast. Most are in the single digits or teens.” I asked a former colleague of mine from my Bankers Trust junk bond days who is now a distressed debt trader what was going...
