Not raising rates took many by surprise. After all, our economy is plugging along and rates have never been held this low for so long, etc., etc. I am sure there is some sound concern regarding what is going on in China and elsewhere, as there should be, as a justification for not raising them. But is there more here than meets the eye?
The first Bitcoin has become the first U.S. entity to be regulated by banking laws, we readon CNBC: A New York City-based bitcoin exchange itBit has become the first to receive a charter under New York banking laws.
How about those traders so faithful of the futures industry that they left millions in their MF Global account because they though the guarantee of segregation was safer than the limited FDIC guarantee?