Near Miss
Today's Senate Banking Committee hearing on 'Turmoil in U.S. Credit Markets: Examining the Recent Actions of Federal Financial Regulators' has several witness testimonies - two of which are especially worth reading - the testimony of NY Fed President Timothy F. Geithner and JP Morgan Chase Chairman and CEO Jamie Dimon. As Paul Kedrosky wrote earlier today about Geithner's testimony: "Read it twice. Or three times. As many as it takes."
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