Daily Archives: July 19, 2011

The Fed Is Now More Leveraged That Lehman Brothers Was

The 2008 Crisis occurred when private US banks became so distrustful of one another’s balance sheet risk that interbank liquidity dried up triggering a systemic implosion in the unregulated derivatives market, particularly in Credit Default Swaps (which was a $50-60 … Continue reading

Posted in It's a Bull Market | Comments Off on The Fed Is Now More Leveraged That Lehman Brothers Was