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Posts Tagged ‘new york fed’

The Fed Talking About Reducing Leverage Is Like A Crack Cocaine Dealer Handing Out “Just Say No” Stickers

The New York Federal published a report in July entitled “The Shadow Banking System: Implications for Financial Regulation”. One of the main conclusions of the report is that leverage undermines financial stability: Securitization was intended as a way…

Big Banks Are NOT More Efficient

I have repeatedly pointed out that big banks are not more efficient than smaller banks.For example, I previously noted that an article in Fortune concluded: The largest banks often don’t show the greatest efficiency. This now seems unsurprising giv…