As credit markets continue in turmoil, recent commentary has turned to the “commercial paper” market. In this post, I’ll try to help explain why commercial paper is now the topic on everybody’s mind.
Commercial paper is technically defined as certain promissory notes of the most secure financial institutions and corporations with a maturity of 270 [...]
Thanks to those who’ve already read some of my posts at Up The Economy. The site uses an off-the-shelf design that isn’t quite up to par, so I’m embarking on a redesign. Stay tuned.
Read more...Another term that has been thrown around recently is the “bad bank” term. It’s an unfortunate term because it is Wall Street slang for something not quite what it sounds like, and this confusion seems to have caught at least a couple of commentators short.
Certainly within the thousands of US banks, some of them are [...]
