Repo Reform And Shadow-Banking

There’s a lot talk from Fed governors, including the Fed Chairman Ben Bernanke, about the reforming the Repo market. One critique is that Repo funding is generally unstable, that is, cash Repo investors quickly flee a teetering bank leaving it insolvent. Then once a bank collaps
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Liquidations And Fire-Sales

The first recorded instance of the term “fire sale” is thought to come from an advertisement posted by Maraton Upton, a resident of Fitchburg, Massachusetts, who had suffered through a massive fire at his home in December 1856. Following the destruction, Upton no doubt needed money fo
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