Dean Scrimgeour: Empirical Evidence on International Monetay Spillovers
links for 2007-12-13

Fed Teams With Central Banks on Credit

20071208_delong_micro.jpg It is not clear to me that banks need more reserves as much as they need more capital. If I were Ben Bernanke I would be saying that the Fed will extend extra reserves only if the banks also increase their capital.

There has to be some price at which Buffett and Munger and company want to own a big chunk of Bank of America.

Link: Fed Teams With Central Banks on Credit: Financial News - Yahoo! Finance.