Bankruptcy remoteness” refers to assets of an SPV being shielded from the bankruptcy of the sponsoring institution.Commercial paper represented only 30 percent of the money stock measure (M1) in 19 It overtook M1 in mid-1998 and, at its peak, was 60 percent larger than M1 in August 2007 (Chart 1). CD rates at banks moved lower [...]
Archive for the 'Rants' Category
Yesterday the credit rating company Standard & Poor’s downgraded the long term debt of the United States. What this means for you and me beside our government paying higher interest rates on the country’s debt is higher interest rates for us. Higher CD rates on certificates of deposit which is a good thing but this will [...]