Eurodollars (abd Negri)

Doug Henwood dhenwood at panix.com
Tue Feb 5 11:11:48 PST 2002


Thomas Seay wrote:


>I mean, that is what
>eurodollars are, this stateless money, that defies any
>central bank's regulation.

Not exactly. They could not exist without the consent of the Federal Reserve, and would be very unlikely to exist if it weren't for very large banks operating under the "too big to fail" doctrine.

Doug



More information about the lbo-talk mailing list