I am unable to think of any critical, complex human activity that could be safely reduced to a simple summary equation.

Perhaps the greatest challenge for the resolution of a systemic global bank is the possibility that public or private actors in different countries might take local actions that would cause the overall resolution to spin out of control.

Regulatory changes have forced banks to closely examine their liquidity planning and to internalize the costs of liquidity provision. The costs of committed liquidity facilities will be passed on to clearing members. These costs are perhaps highest in clearing Treasury securities, where liquidity needs can be especially large.

The financial crisis and the Great Recession posed the most significant macroeconomic challenges for the United States in a half-century, leaving behind high unemployment and below-target inflation and calling for highly accommodative monetary policies.

Can a democratic nation fight a War on Terror and at the same time bend over backward so as not to offend a few visitors' rights?

In the US, banking and finance are regulated on the federal and state level, there are multiple federal bank regulators, and there are separate securities and commodities regulators.

My mother grew up strong. She was a charismatic leader among her peers, staging plays, organizing projects, raising money for charity; she was fiercely protective of her younger brother, with whom she shared a passion for jazz and rock and roll.

I write simply because I hear voices of people in my head who won't give me peace until I convey their stories to the rest of the world. Seriously. They've always been with me. While other girls played with dolls, and my brothers with Hot Wheels, I was busy traveling through space or traipsing through graveyards with my imaginary playmates.