Day

August 22, 2015

If We Treated Bankrupt Countries Like Bankrupt Banks

Norway + Greece = ?? If busted sovereigns were banks, policymakers would know exactly what to do:  fold the bankrupt country into a designated “acquirer” with a strong (or at least stronger) balance sheet, which is then given a package of cheap financing, guaranties, and indemnity (or maybe not) in return for straightening out the...
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Relating to “People From All Walks of Life”: The New Dallas Fed President’s Populist Profile (Not)

Resumé Multiple Choice, or, Did the Dallas Fed Pull a “Cheney?”** In other financial news this week (the stock market swoon was the big story), the Federal Reserve Bank of Dallas selected a new President. Here’s what the Bank said it was looking for in their new leader: “The Bank’s search committee considered a broad...
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