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Olduvai III: Catacylsm
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US Bank Counterparty Risk Soars After Energy MTM Debacle

US Bank Counterparty Risk Soars After Energy MTM Debacle A few dots are starting to be connected now that we have exposed the debacle of The Fed’s decision to allow banks to mark-to-unicorn their energy loans. “Something” was wrong in recent weeks as the TED-Spread surged (implying rising counterparty uncertainty among banks) and then the last week – since The […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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