Wall Street found it could construct a lever nearly infinitely long. But it ultimately lacked a prop -- that is, capital -- sufficiently strong. As a result, it finds itself turning to the government and the Fed to support it. Regulators are providing a prop, and preventing a collapse. But that will mean a far different world, and one less easily moved by leverage or those who manipulate it.
Tuesday: Retail Sales, Industrial Production, Homebuilder Survey
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[image: Mortgage Rates] From Matthew Graham at Mortgage News Daily: Mortgage
Rates Drift Slightly Higher to Start The Week
While there's been no shortage o...
5 hours ago
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