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A Cook Book for Book Cookers

…remain nameless) made REPO deals with banks involving currency exchange — the bank gave Greece a great deal on the spot market and Greece gave the banks a great deal…

Inadequate monitoring

…regulator, the Office of the Comptroller of the Currency, for failing to take more aggressive enforcement measures against the bank after the OCC became aware of illicit activities. Please save…

What to do with the Euro ?

G. has to leave the Eurozone. No not Greece Germany. Germany and a bunch of small Northern countries use the undervalued Northern Euro as their currency while we use the…

contra Krugman

…between output and inflation. He noted the case of “flight from the currency” not yet named “hyperinflation” by Cagan rather anticipating the work of say Sargent. Now it is true…

All in one day of reporting…

…The lender’s May 10 announcement of the “self-inflicted” loss spurred reviews by the SEC, Commodity Futures Trading Commission, Office of the Comptroller of the Currency and Federal Bureau of Investigation….