Apple's $90 Billion Buyback and Borrowing
Bloomberg Businessweek
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The Fed's Balance Sheet and the Lack of Scale
KRE: Do we have to look for all these regional banks to shrink? Well, you have toLook for the system to shrink. Every time a treasury bond is redeemed on the books of the Fed, a deposit disappears because the treasury is in deficit. The mechanics of this are very Darwinian, very, you know, binary, one to one. You've been the big guys. They're out there for four and a half, five percent now for one year.
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