Money Stuff
Swaps push-out.
Remember swaps push-out ? There was going to be a rule requiring big banks to move a tiny portion of their derivatives out of their insured bank subsidiaries and into their broker-dealer subsidiaries. I always thought that this was entirely symbolic, because the distinction between "insured bank" and "broker-dealer" is, for a big bank holding company, pretty thin. The holding company is the systemic thing; if JPMorgan goes under […]