Monetary System

Following the 1-year repo in June 09, there had been market talk of the money going into the short-term Italian and Spanish bonds. Yet we don't expect as much of new carry trades some officials might wish. The lion's share of the funds LTRO…

A chart with a country by country breakdown of the over 100 billion euros of additional capital needed by euro zone banks

As Eurocrats dissemble, ratios that quantify U.S. financial system exposure to European insolvency are dated, even as they are published.

The following is the press release Moody's issued in putting the covered bonds of five Spanish banks on review for credit ratings downgrades.

Congress should immediately call Chairman Bernanke in for testimony on the veracity of the Fed’s response to the Bloomberg report. It should demand a comprehensive accounting for all the Fed’s commitments, by institution that benefitted.…

Market participants, including economists and strategists are prone to confusing what they believe should be the case with what will be the case.

Rumors of an impending bank failure in Latvia over the weekend led to a run on bank machines. In many places it was impossible to get money.

On Thursday the European Banking Authority released the results of the latest European stress tests showing a total capital need of €114.7 billion across 71 banks. While German banks might argue that they got the worst of the surprises,…

Here's what I'm listening to right now. Prince rocks the house in the video below. Eat your heart out, Jon Corzine.

Bill Black was on Capital Account talking to Lauren Lyster about MF Global. As usual, Capital Account delves deep into the real issues. Black never disappoints. Video below