Shadow Banking Contagion Approaches As European Banks Sign Private Repo Agreements With US Counterparts

---

In what is probably the riskiest escalation of the second credit crisis to date, IFR has released information that was until now speculated, but not confirmed, namely that European banks not only continue to make a mockery out of LiEbor by posting whatever rates they deem appropriate (for the simple reason they don’t use interbank funding), while…



[[ This is a content summary only. Visit my website for full links, other content, and more! ]]