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Who Committed Excess Borrowing?

With a hat tip to Rebecca’s post below, normalized borrowing growth in several sectors over the past 25 years. (Source: FRB Flow of Funds data) Yes, there are three very…

He Gave at the Office

…is meant to be very candid, very quick, very unvarnished.” Fortunately, he left the FRB NY before Geithner did, so it’s not a question of nepotism, just the finance perspective….