Was the breakdown of the normally stable and, indeed, routine workings of the Clearinghouse the result of bad actors?
S&P was the first to call out the growing lack of fiscal discipline in Washington, downgrading Uncle Sam in 2011
If it’s artificial, then it’s not intelligent.
The Treasury and Fed cannot admit fault for fear of bringing the whole house of cards crashing down.
In other words, those residual claims on crypto issuers that have been trading at pennies on the dollar may have no value whatsoever.
Credit costs are rising and lending volumes are falling…
Whether we are talking about corporate credit exposures or housing, the short trade may be the place to be over the next year.
The US banking industry has been rendered insolvent by the Federal Open Market Committee
Despite all the hyperbole, the great crypto fraud was a small game, like the party poker that many crypto enthusiasts share in common
Crypto has gone from a sort-of juiced up equity strategy to a distressed credit story in just hours.