Category Archives: Swaps

Wall Street’s Tax on Main Street – NYTimes.com

Wall Street’s Tax on Main Street – NYTimes.com. Wall Street banks have peddled to municipalities all sorts of financial products, some of which have turned out to be costly mistakes. Testifying on July 29 at a public hearing on municipal … Continue reading

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Fannie Mae, Freddie Mac Touch Off Swaps Fight

Download 2010-4-6 Fannie, Freddie Are Likely to Get Swaps Clearinghouse – WSJ.com The regulator of Fannie Mae and Freddie Mac is on the cusp of making big changes to the market for interest-rate swaps, in a move that could potentially … Continue reading

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Interest Rate Swaps Go Sour for Cities, States

Download 2010-3-22 Municipalities Want Out of Losing Interest-Rate Bets With Wall Street – WSJ.com Cities and states partnered with Wall Street to save some money.  They didn't expect that interest rates could move in the direction opposite of that they … Continue reading

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