Mike Norman Economics
A recent op-ed on this blog by Paul Kupiec misstates the Clearing House’s criticism of the supplementary leverage ratio. Kupiec’s article indicates that the Clearing House’s position is contained in a recent article by Darrell Duffie, a professor at Stanford University. Although Professor Duffie’s article appeared in the Clearing House’s quarterly journal “Banking Perspectives”, his views were his own, and he received no compensation from the Clearing House. We will let Mr. Kupiec debate...
Read More »