Fed, Congress thought smaller banks, deposits and bonds were boring and safe; instead, they are the source of new fragility

This post first appeared on wsj.com

You May Also Like

Tight U.S. Labor Market Has Kept Lid on Layoffs

A tight U.S. labor market has kept applications for unemployment benefits close…

Sun Plus Ocean Plus 18 Holes: The Allure of Mexico’s Golf Homes

These developments include Cove Club, an 1,800-acre community with a Jack Nicklaus-designed…

Justice Department asks Supreme Court to uphold domestic violence gun law

WASHINGTON — The Justice Department has asked the Supreme Court to allow…

Former Obama White House adviser pleads guilty to scamming school he founded

A former Obama White House adviser pleaded guilty Friday to wire fraud…