Systemic Blindness

By |2017-05-31T19:31:56-04:00May 31st, 2017|Commodities, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

MF Global failed on a trade that would have made it enormously profitable. AIG’s portfolios of “toxic waste” ended up making money – for the Federal Reserve. Bear Stearns and Lehman Brothers were ended like the others by liquidity, not losses. SemGroup was another firm that went into bankruptcy during that period, but one that practically no one has heard [...]