News: 2014-02-27

Note: Today's commentary will appear later and will not be attached to today's newsletter but will go out with Friday's newsletter. See the last two day's commentary on my ten surprises for 2014.

North America
Debating Geithner’s Appearances in 2008 Transcripts - Real Time Economics - WSJ
Banks Averting Bond Losses With Accounting Twist: Credit Markets - Bloomberg
"The largest U.S. lenders are moving assets into the “held-to-maturity” column of their books instead of designating them as “available for sale,” an accounting method that under post-crisis banking regulations allows paper losses to erode measures of their health. The change pushed the share of securities that the five biggest banks keep in the held-to-maturity category to 8.4 percent, the highest in almost two decades, a...

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