Perry Mehrling News
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The chains of loaned securities being pledged and re-pledged in the so-called wholesale money markets are growing shorter, as collateral piles up at central banks where it can’t generate additional borrowing.
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As Hank Paulson beseeched Nancy Pelosi to save his $700 billion rescue plan in September 2008, a darker drama was unfolding at the Federal Reserve: Chairman Ben Bernanke was busy shifting much of the wholesale money market onto the Fed’s balance sheet.
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Steve Jobs belittles his “bozo” colleagues, Barack Obama falls for Lawrence Summers, and quant Emanuel Derman deplores Wall Street’s “hypocrisies” in three of our favorite business books so far this year. Here’s a list of recommended titles.
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A trader at Lehman Brothers Holdings Inc. attempts suicide and Greeks pile up “odious” debts in two of our favorite business books so far this year. Here’s a list of recommended titles.
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Federal Reserve data showing UBS AG and Barclays Plc ranked among the top users of $3.3 trillion from emergency programs is stoking debate on whether U.S. regulators bear responsibility for aiding other nations’ banks.
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American International Group Inc. commits “corporate suicide” and Fannie Mae becomes a Pied Piper in two of our favorite business books so far this year. Here’s a list of recommended titles.
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Paul Allen recalls the energy and backstabbing that accompanied the founding of Microsoft Corp., while William D. Cohan parses the history of Goldman Sachs Group Inc. in two of our favorite business books so far this year. Here’s a list of recommended titles.
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William D. Cohan parses the history of Goldman Sachs Group Inc. while Niall Ferguson explains the rise of the West in two of our favorite business books so far this year. Here’s a list of recommended titles.
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With the world’s balance of economic power shifting, we’re often asked to recommend books that put the upheaval in context. Here’s a list of our 10 favorite titles on markets and economics so far this year.
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