The Institutional Risk Analyst

The Trump FSOC document reads like a Marvel comic book and is entirely laudatory towards crypto fraud, but uses the same idiotic language as former Treasury Secretary Janet Yellen in describing the grave systemic risks posed by residential mortgage servicers. The report states incredibly: "The continued use of U.S. dollar-denominated stablecoins is expected to support the role of the U.S. dollar in the international financial system..."

Yellen's proposal for a backstop is merely a canard to help Treasury avoid another fiasco next time a Ginnie Mae issuer fails

GS has the weakest position in terms of funding of the top-ten banks and no real narrative for the business post-Marcus.

If you sent somebody to deliberately sabotage the US housing market, you could not find a better perpetrator than Director Calabria.

An equally informal group of researchers within the Federal Reserve System is also in the vanguard of those warning about nonbank risk...