TBTF Banks: Those at the Top Are Still the Ones Doing the Derivatives Trading
For those who have seen this table in earlier posts, here’s the update. The issue is what constitutes a systemic bank. Dodd-Frank says $50 billion and above in balance sheet assets. This table shows the assets of U.S.-headquartered banks as ranked by assets by the Federal Reserve. It also shows their derivatives portfolios and their…
Derivatives and Too-Big-To-Fail Banks: Creating Systemic Risk
This speech was delivered to the New York Society of Security Analysts on December 3, 2104, as part of a conference on systemic risk. I’ve tried to insert the slides with the reader in mind. I was at the time chair of NYSSA’s Market Integrity Committee’s subcommittee on systemic risk, an extremely awkward role. 70%…
U.S. Debt: What No Candidate Mentions
The biggest issue facing the nation is one that no candidate mentions. Maybe all the antics and hate-mongering are a ruse to distract voters from the silence. The issue is our national debt burden. A dull topic perhaps, or involving math, or maybe involving time or thought. Certainly not fun or entertaining. Let me counter…
