While our finances — federal, local, and personal — seem rather fragile these days, the financial system is doing ok. The Financial Stability Oversight Council has released it’s annual report, here http://www.treasury.gov/initiatives/fsoc/Documents/FSOCAR2011.pdf . The report contains a lot of discussion of improvements from the past, but also an assessment of the current risks to and vulnerabilities of our financial system. As it should be, the risks are mostly about risks to the macroeconomy not specific sectors (with some exceptions like small bank exposures to commercial real estate).
- .@LAClippers working out with me in St Regis SF gym. Holy crap these guys are tall. 1 day ago
- @AmericanAir thanks - I just want to be SAFE and this is a violation of safety rules and endangers the passengers in the row. 1 week ago
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