New Bank Rules Will Accomplish The Same As The Old Bank Rules

By |2015-02-25T12:34:20-05:00February 25th, 2015|Federal Reserve/Monetary Policy, Markets|

There has been an exodus of sorts of mathematical expertise out of ratings agencies and into the biggest banks themselves. That may not sound like much of a change, after all it was Wall Street that hired the most Ivy League mathematicians during the last bubbles of the 1990’s and 2000’s, but the talent being sought recently is specific. Credit [...]