What the Regulators Should Have Been Telling the Banks

Andy fish asks how much of this is the 90 day bill being zero one year ago and for many years where leading cash in a bank didn't matter. The regulator should have been telling the banks that money even though it's dda is meaning zero interest bearing deposits it's probably hot, he says. Andy fish: This is where i think the regulations when awry and robbie was getting to this so  what they needed to do was to hold short duration assets and at the at that time yielding minimum.