Just Another Hedge Fund

By |2015-04-27T15:36:19-04:00April 27th, 2015|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

On September 21, 2008, Goldman Sachs announced its intention to become the then-fourth largest bank holding company, bringing it under the Federal Reserve’s regulatory umbrella. The timing of the change makes perfect sense, a week after Lehman triggered an ongoing panic, but in the perspective of wider systemic arrangements it was an odd attempt at resolution. With Merrill Lynch cold-fused [...]