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No. 6: If you don’t give it to me you’ll only lend it to someone else and look where that got us
Bank deleveraging has barely started

Bank deleveraging has barely started

Banks lending money to governments to help fund bank bailouts looks horribly circular

August 2008

FX market round up: In and out at Tudor




Mark Hillery has apparently left hedge fund Tudor. There is no indication whether his departure is permanent or a sabbatical. Meanwhile, the firm has hired Andrew Bound from Goldman Sachs Asset Management. Bound left GSAM in May and is believed to be starting at the fund in August.







If they didn’t let a bank fail, how were they going to prove there was a serious problem? You kill a chicken to scare the monkey

One banker gives the best reason we’ve heard yet about why Lehman was allowed to fail

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