Relevant and even prescient commentary on news, politics and the economy.

‘Party on’ irony

CNN money points to pushback from non-US banks simply refusing to have a BS counterparty. Seems they were simply refusing to stay at the party. It’s unclear what exactly started Bear Stearns’ nightmare this week. Veteran repurchase agreement traders told Fortune.com that a major European bank last week refused to accept Bear Stearns as a […]