Treasury 10-year notes fell for the first time in three days as a U.S. sale of $32 billion of three- year debt drew lower-than-average demand while investors awaited the outcome of the presidential election.
The dollar fell against the majority of its 16 most-traded peers as voters headed to the polls to decide whether President Barack Obama or challenger Mitt Romney will guide the world’s biggest economy for the next four years.
In January 2008, President George W. Bush was scrambling to bolster the American economy. The subprime mortgage industry was collapsing, and the Dow Jones industrial average had lost more than 2,000 points in less than three months.
William (Bill) Isaac is chairman of LECG Global Financial Services and served as chairman of the FDIC during the savings bank and savings & loan crises of the 1980s. Here, we interview him about current and future regulatory issues.