SWP in the NYT
Gretchen Morgensen wrote a long piece in today’s NYT about the potential systemic risk–and too big to fail problem–associated with CCPs, for which I am appreciative. She included a rather long quote from me, saying things you’ve read here (no surprise there). It’s an interesting article with some supporting quotes from a variety of other folks.
It would have been nice had this debate taken place, oh, six months ago, or a year ago.
